The Trump administration has launched a new effort to remove Federal Reserve Gov. Lisa Cook , notifying her that President Trump is considering her removal and giving her 21 days to respond to mortgage fraud allegations in a letter obtained by Axios. Why it matters: The Supreme Court this year blocked Trump's first attempt to remove Cook, finding that the Fed official was not given notice or a chance to respond. - The new letter seeks to satisfy those requirements in what remains an unprecedented effort to fire a sitting Federal Reserve governor. - News of the letter, dated Wednesday, was first reported by ABC News. Driving the news: The letter revives the same mortgage-fraud allegations that formed the basis of Trump's earlier effort…
The Trump administration, rebuffed by the Supreme Court in its first attempt to fire Lisa D. Cook, sent the Federal Reserve governor a letter saying it was “considering” removing her from the job.