Trump Moves to Oust Lisa Cook
The White House is reviving its bid to fire Fed Governor Lisa Cook.
7 left10 center5 right
Updated Aug 7, 7:40pm ETEvery side, every morning
A free recap of the day’s biggest stories and how each side covered them.
The reporting
President Donald Trump has renewed his effort to remove Federal Reserve Gov. Lisa Cook, with an Aug. 5 White House letter saying he is considering firing her from the Board of Governors. The letter, signed by deputy chief of staff Dan Scavino, says there is “sufficient reason to believe” Cook made false statements on one or more mortgage agreements and gives her 21 days to respond in writing. Cook has denied the mortgage-fraud allegations. The move follows a June Supreme Court decision that left Cook in her post while she contests Trump’s earlier removal attempt.
Analysis & opinion
Political Fed purgeMostly Left
Trump’s effort to remove Lisa Cook is a political attack rather than a good-faith accountability move. He is trying to weaken an independent Federal Reserve governor and expand his influence over the board by pressuring her out.
Also today
All of today's stories →- 1Balanced95articles
- 2Trump Backs Ken PaxtonBalancedBalanced39articles
- 3Christa Pike Execution ClearedBalancedBalanced34articles
- 4Balanced34articles
- 5U.S. Troops Exit IraqBalancedBalanced33articles
- 6Fed Renovation Shake-UpBalancedBalanced31articles