Donald Trump renews effort to fire Federal Reserve governor Lisa Cook
The Trump administration has renewed efforts to remove Federal Reserve Governor Lisa Cook, citing unproven allegations of mortgage fraud. This move is part of a broader conflict between the White House and the central bank over interest rate policy.
Why it matters
The attempt to remove a Federal Reserve governor challenges the historical independence of the central bank from political influence.
The US president has clashed with Federal Reserve members over his bid to rapidly slash interest rates despite inflation.
x whatsapp-stroke copylink google Add Al Jazeera on Google info Federal Reserve Board Governor Lisa Cook participates in a board meeting at the Federal Reserve on March 19, 2026 [AFP] By Catherine Nouhan and Reuters Published On 7 Aug 2026 7 Aug 2026 The White House has revived its efforts to remove Lisa Cook, the first Black woman to serve as a governor at the Federal Reserve, the United States’ central bank.
On Friday, media reports emerged that the administration of President Donald Trump had sent Cook a letter threatening her position at the Federal Reserve.
“You are hereby provided notice that the President is considering removing you from your position,” the letter read.
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