politics
White House Sends Letter to Lisa Cook Threatening to Fire Her
President Donald Trump has notified Federal Reserve governor Lisa Cook that he is considering removing her from the central bank over allegations of mortgage fraud, and has given her three weeks to respond before making a final decision.
TL;DR
- President Donald Trump is considering removing Federal Reserve Governor Lisa Cook.
- The reason cited is allegations of making false statements on mortgage applications.
- Cook has been given 21 days to provide a written response and supporting evidence.
- The notice refers to a Supreme Court opinion from June 29, 2026.