President Donald Trump has renewed his efforts to remove Federal Reserve Governor Lisa Cook, according to reports on August 7, 2026. The White House is again citing unproven allegations of mortgage fraud, a claim that has been widely disputed.
This move comes just over a month after the Supreme Court blocked Trump's earlier attempt to fire Cook. The court's ruling in July 2026 held that the president lacks the authority to remove a Federal Reserve governor without cause, a decision that was seen as a significant check on executive power.
Legal experts say the renewed push is unlikely to succeed, as the allegations against Cook have not been substantiated. Cook, who was appointed to the Fed's Board of Governors in 2022, has denied any wrongdoing and continues to serve in her role.
The White House has not provided new evidence to support the allegations, and the Fed has declined to comment on the matter. The situation remains a point of tension between the administration and the independent central bank.
