Trump Administration Pursues Removal of Federal Reserve Governor Lisa Cook

The Trump administration is reportedly moving to dismiss Federal Reserve Governor Lisa Cook, despite a prior Supreme Court ruling that blocked an earlier attempt. The White House has sent a letter to Cook, citing unproven mortgage fraud allegations and requesting a response. Cook's legal counsel asserts the allegations are "baseless," indicating a legal challenge to the president's action. This development highlights ongoing tensions between the executive branch and the Federal Reserve's independence.