Federal Reserve Governor Lisa Cook denounces Trump’s mortgage fraud claims

The Trump administration has doubled down on its accusations against Cook, despite a Supreme Court ruling in her favour.Published On 27 Aug 202627 Aug 2026Federal Reserve Governor Lisa Cook has warned the administration of United States President Donald Trump that it has no legal basis to fire her from her leadership position at the central bank.Her legal team’s latest statement comes as Trump renews his efforts to push her out of her role, a manoeuvre widely viewed as an assault on the bank’s independence.Recommended Stories list of 3 itemslist 1 of 3US Supreme Court backs Trump’s firings; Fed’s Cook reserved as exceptionlist 2 of 3Despite marquee losses, Supreme Court term grows Trump’s presidential powerlist 3 of 3Donald Trump renews effort to fire Federal Reserve governor Lisa Cookend of listUnder US law, Federal Reserve governors can only be removed “for cause”, and not for political reasons.Trump has levelled accusations of mortgage fraud against Cook, a Democratic appointee, in a bid to meet the legal standard. But Cook’s lawyers, Abbe David Lowell and Norman Eisen, issued a letter on Wednesday offering a detailed rebuttal to the president’s allegations.“For the second time ...