Fed governor Lisa Cook rejects Trump mortgage fraud allegations in global central bank showdown

Her legal team’s latest statement comes as Trump renews his efforts to push her out of her role, a manoeuvre widely viewed as an assault on the bank’s independence.

Lawyers for Federal Reserve governor Lisa Cook have submitted their case for why she cannot legally be fired, as President Trump seeks new avenues for dismissing the Biden appointee for cause.

Federal Reserve Governor Lisa Cook on Wednesday pushed back against the Trump administration’s renewed attempt to fire her from the central bank’s Board of Governors, despite a Supreme Court ruling preventing her removal.

Mortgage fraud allegations against Cook, the first Black woman to serve as a Fed governor, were first levied last August by Federal Housing Finance Agency ​Director William Pulte.