The Trump administration has doubled down on its accusations against Cook, despite a Supreme Court ruling in her favour.
Published On 27 Aug 2026
Federal Reserve Governor Lisa Cook has warned the administration of United States President Donald Trump that it has no legal basis to fire her from her leadership position at the central bank.
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.
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Under US law, Federal Reserve governors can only be removed “for cause”, and not for political reasons.
Trump has levelled accusations of mortgage fraud against Cook, a Democratic appointee, in a bid to meet the legal standard. But Cook’s lawyers, Abbe David Lowell and Norman Eisen, issued a letter on Wednesday offering a detailed…
This involves defrauding the state or using government systems to steal from individuals.
- Tax Identity Theft: A criminal uses your ID and income details to file a tax return in your name and claim a refund before you do.
- Grant/Benefit Fraud: Falsely claiming unemployment, disability, or social grants that the perpetrator is not entitled to.