Trump renews effort to fire Fed's Cook, continuing attacks on central bank

White House gives Cook three weeks to answer mortgage fraud allegations in letter seen by Reuters

Trump has launched an unprecedented assault on the independence of the Federal Reserve in his second term.

US president has clashed with Federal Reserve members over his bid to rapidly slash interest rates despite inflation.

The White House told Cook in a letter this week that the president was "considering" removing her from her role.

Lisa Cook has been given 21 days from the date of the letter to respond to unproven allegations that she made false statements on mortgage applications -- charges that she has denied.

“No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook."

US President ⁠Donald Trump is renewing his effort to fire Federal Reserve Governor Lisa Cook, keeping alive his assault on the central bank’s independence even after the US Supreme Court in June dealt him a significant setback in his bid to remove her earlier this year, according to a letter seen by Reuters. The White

Trump renews effort to fire Fed's Cook, continuing attacks on central bank  Reuters

President Donald Trump has revived his threat to fire Federal Reserve Governor Lisa Cook over unproven allegations of mortgage fraud, according to a letter seen by Bloomberg, a move that could renew a legal fight over the central bank’s independence.