Trump Moves to Fire Fed Governor Lisa Cook
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- Trump administration notified Federal Reserve Gov. Lisa Cook that the president is considering her removal, citing mortgage fraud allegations in a letter obtained by Axios.
- Lisa Cook was given 21 days to respond to the removal notice before any formal action moves forward.
- Supreme Court blocked a related removal effort earlier this year, a precedent the source flags as directly relevant to the renewed push.
Why it matters: The 21-day clock matters because Fed governors have historically enjoyed independent status, and removing Cook would give Trump a second appointee on the rate-setting FOMC. The source flags the Supreme Court's earlier block as the immediate legal constraint — the administration's decision to re-engage suggests it believes a new factual basis (the mortgage allegations) can survive the same legal challenge that previously failed.
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