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Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling

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This story was selected and curated by our editorial team in the Business category. Published on August 7, 2026 • Originally reported by Gaya Gupta. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

White House continues to target Cook despite decision from justices that upheld Federal Reserve’s independence

Donald Trump is attempting once again to oust the US Federal Reserve governor Lisa Cook over allegations of mortgage fraud, despite a recent US supreme court decision that upheld the central bank’s independence.

Cook reportedly received a letter from the White House this week that provided notice, in accordance to the supreme court’s June ruling, that Trump was “considering removing” her from her Fed position over the same claims of mortgage fraud that he levied against her last summer.

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