Trump Admin Plans to Remove Fed Governor Lisa Cook

The Trump administration is attempting to remove Federal Reserve Governor Lisa Cook, despite a Supreme Court ruling allowing her to remain pending her legal challenge. The Court's 5-4 decision in June upheld her position while she fights her potential firing over mortgage fraud allegations she denies. The administration, citing allegations related to her mortgage applications, is seeking to dismiss her, but her legal team argues there is no valid cause given her consistent residence declarations and the Court’s precedent.

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