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After SCOTUS Setback, Trump Renews Bid To Remove Federal Reserve’s Lisa Cook

‘As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law.’

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President Trump has launched a probe into Federal Reserve Gov. Lisa Cook over mortgage fraud allegations, the White House announced Friday. The move appears aimed at removing Cook from the post following an unfavorable Supreme Court ruling on the matter earlier this year.

“As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law,” Trump wrote in Friday’s presidential memoranda.

The directive establishes a committee comprised of the president’s assistant for economic policy, the Equal Employment Opportunity Commission chair, and the director of the Office of Government Ethics that will investigate allegations that Cook, a Biden appointee, “made false statements in connection with one or more mortgage instruments.” The group will subsequently report to the president “whether there is ’cause’ for Governor Cook’s removal within the meaning” of federal law “as construed” in the Supreme Court’s Trump v. Cook (2026) decision.

Trump first sought to fire Cook over these allegations in August 2025, but was blocked by D.C. District Judge Jib Cobb, a Biden appointee. The administration ultimately filed an........

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