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August 7, 2026

Trump Renews Effort to Remove Federal Reserve Governor Lisa Cook Amid Ongoing Legal Battle

  • President Trump is renewing his effort to remove Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud and giving her three weeks to respond.
  • This new notice follows a Supreme Court ruling that upheld Cook's right to due process in contesting her removal after Trump's previous attempt was blocked.
  • Cook's legal team maintains that the allegations are unfounded and part of an effort to undermine the Federal Reserve's independence.

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