The Trump administration is considering a second attempt to remove Federal Reserve Governor Lisa Cook from the Board of Governors. On August 5, the White House informed her that she must respond by August 26 to allegations of mortgage misconduct. The allegations claim she listed multiple properties as primary residences to secure more favorable mortgage terms, with criminal referrals made to the Department of Justice by Federal Housing Finance Agency Director William Pulte. Cook has denied any wrongdoing, calling the claims politically motivated. The Supreme Court ruled on June 29, 2026, in a 5-4 decision, that Cook could remain in her position while the litigation plays out.
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