White House revives unprecedented effort to remove Fed governor Lisa Cook
Axios · LC · trust 47/100
Add Axios on Google Federal Reserve Board Governor Lisa Cook participates in a board meeting at the Federal Reserve on March 19, 2026. (Photo by Kevin Dietsch/Getty Images)
The Trump administration has launched a new effort to remove Federal Reserve Gov. Lisa Cook , notifying her that President Trump is considering her removal and giving her 21 days to respond to mortgage fraud allegations in a letter obtained by Axios.
Why it matters: The Supreme Court this year blocked Trump's first attempt to remove Cook, finding that the Fed official was not given notice or a chance to respond.
Driving the news: The letter revives the same mortgage-fraud allegations that formed the basis of Trump's earlier effort to remove Cook.
The other side: "These allegations are as baseless now as they were a year ago when President Trump tried to remove Governor Cook and interfere with the independence of the Federal Reserve," Abbe Lowell and Norm Eisen, lawyers for Cook, said in a statement.
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