Trump renews push to fire Fed Governor Lisa Cook
NPR • • nation
Key Points:
- President Trump has renewed his threat to fire Federal Reserve Governor Lisa Cook over unproven mortgage fraud allegations, following a Supreme Court ruling that blocked his previous attempt to remove her.
- Deputy White House Chief of Staff Daniel Scavino sent Cook a letter demanding a response to claims of false statements on mortgage applications, accusations initially raised by Trump ally William Pulte.
- Cook denies any wrongdoing, and her attorney Abbe Lowell called the allegations baseless and vowed to challenge the attempt to remove her, emphasizing the importance of Federal Reserve independence.
- Trump's efforts to oust Cook occurred amid his criticism of the Federal Reserve's interest rate policies, and he also threatened to fire then-Chair Jerome Powell, whose term ended in May but who remains on the board.
