Trump Renews Efforts to Dismiss Fed Governor Despite Supreme Court Block
Trump Administration Considers Dismissing Federal Reserve Governor Lisa Cook
"Accused of a Crime Carrying Up to 30 Years in Prison"
Cook Vows to "Defend Her Position on the Board"
U.S. President Donald Trump has relaunched efforts to dismiss a member of the Federal Reserve Board of Governors.
According to U.S. media outlets including ABC News on the 7th (local time), the White House sent a letter to Federal Reserve Board Governor Lisa Cook on August 5, informing her that President Trump is reviewing her dismissal and instructing her to submit a written response within 21 days regarding the allegations raised against her.
The letter stated that Governor Cook is accused of committing a crime that could carry a maximum sentence of 30 years, and even if her actions do not constitute a crime, she is alleged to have committed misconduct that undermines her credibility as a Federal Reserve governor.
The issue for which the White House is seeking a response is the allegation of mortgage fraud against Governor Cook. President Trump announced her dismissal in August last year, claiming that Cook had engaged in misconduct during a mortgage application process.
The U.S. Supreme Court blocked the dismissal last June. However, the Court did not rule on the legitimacy of the dismissal itself, but pointed out that Governor Cook had not been given an opportunity to defend herself.
This latest letter from the White House appears intended to provide Governor Cook with a chance to respond and to ensure procedural legitimacy in her dismissal.
At the time of the Supreme Court's decision, President Trump had stated, "I will take appropriate action immediately."
Governor Cook's representatives said, "There is no legitimate reason for her dismissal. As before, we will challenge the new grounds cited by the White House and will defend her position on the board."
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Governor Cook, the first Black woman to serve on the Federal Reserve Board, was appointed in 2022 by the Biden administration. This has made her a target for President Trump.
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