The White House considers sacking Federal Reserve Governor Lisa Cook

The Trump administration has told Federal Reserve Governor Lisa Cook that it is considering removing her from the central bank’s board, even after the Supreme Court blocked an earlier attempt to oust her. The move signals that the White House isn’t backing down from what has become the most direct presidential challenge to the Federal Reserve’s independence in the institution’s 112-year history. Cook, the first Black woman to serve on the Fed’s Board of Governors, was initially targeted for removal in August 2025. That effort was blocked by a 5-4 Supreme Court ruling on June 29, 2026, which kept Cook in her seat while litigation continues. Now the administration appears to be taking another run at it, this time trying to thread the needle of due-process requirements the Court laid out in its decision. A legal fight with no modern precedent The original attempt to fire Cook was based on allegations of mortgage fraud, charges that Cook has denied and described as a “manufactured pretext.” No formal charges have ever been filed against her on those claims. What made the initial removal effort so extraordinary wasn’t just the allegations. It was the act itself. No sitting president had...