Trump Renews Effort to Remove Federal Reserve Governor Lisa Cook

The White House has revived its push to remove Federal Reserve Governor Lisa Cook, sending her a letter on August 5, 2026, that threatens her position over unproven allegations of mortgage fraud. This development marks a renewed effort by the President to potentially oust a sitting Fed governor, a move unprecedented since the Federal Reserve's establishment in 1913, and comes amidst ongoing pressure from the administration for the Federal Reserve to reduce interest rates.