Trump Relaunches Bid to Remove Fed Governor Lisa Cook
TL;DR Summary
The White House is reviving an unprecedented move to remove Federal Reserve Governor Lisa Cook, sending her a notice that the President is considering removal and giving her 21 days to respond to mortgage-fraud allegations. The letter cites 'cause' and follows a Supreme Court ruling that blocked a prior removal attempt for lack of due process, aiming to satisfy due-process requirements. The deadline is August 26, and Cook's lawyers say the allegations are baseless and will be contested.
Topics:nation#federal-reserve#lisa-cook#mortgage-fraud-allegations#politics-and-policy#supreme-court#trump-administration
- White House revives unprecedented effort to remove Fed governor Lisa Cook Axios
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- Trump renews effort to fire Fed governor Lisa Cook after Supreme Court ruling The Washington Post
- Trump renews effort to fire Fed's Cook, continuing attacks on central bank Reuters
- Trump moving forward with attempt to fire Lisa Cook after Supreme Court setback: Sources ABC News - Breaking News, Latest News and Videos
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