Trump Escalates Push to Dismiss Fed's Lisa Cook Post-scotus Ruling

WHO:

CBS News - Lisa Cook, member of the Federal Reserve Board of Governors

ABC News - President Trump, Chief Justice John Roberts, Deputy Chief of Staff Dan Scavino, Cook's attorney Abbe Lowell, Bill Pulte, Ed Martin, Jerome Powell

WHAT:

CBS News - President Trump is considering firing Lisa Cook.

ABC News - The White House demanded that Cook respond to allegations within three weeks.

ABC News - Trump is moving forward with an attempt to remove Cook over allegations of mortgage fraud.

ABC News - The letter from the White House alleged that Cook committed crimes punishable by up to 30 years in prison.

ABC News - Trump signaled on social media that he would "take appropriate action immediately" to remove Cook.

ABC News - Cook has denied wrongdoing and has never been charged with any crime.

ABC News - Trump initially sought to remove Cook last August.

WHERE:

ABC News - The Federal Reserve Board of Governors

WHEN:

ABC News - The Supreme Court ruling occurred in June.

ABC News - The letter from the White House was sent this week.

ABC News - Cook was confirmed by the Senate in a 50-50 vote that required then-Vice President Kamala Harris to break the tie.

WHY:

ABC News - The move follows a Supreme Court ruling that upheld limits on the president's attempt to remove members of the Federal Reserve.

ABC News - Trump is attempting to remove Cook based on allegations of "gross negligence" related to mortgage fraud.

HOW:

ABC News - The White House notified Cook that the president was "considering" removing her and outlined the steps prescribed by the justices in the Supreme Court ruling.

(UPDATED August 7, 2026 19:53 UTC)

President Trump is considering firing Lisa Cook, a member of the Federal Reserve Board of Governors, following a Supreme Court ruling that upheld limits on the president's ability to remove Federal Reserve members. The White House has demanded that Cook respond to allegations of "gross negligence" related to mortgage fraud within three weeks, stating that these allegations could lead to serious legal consequences. Cook, who has denied any wrongdoing and has never been charged with a crime, was confirmed by the Senate in a tie-breaking vote by then-Vice President Kamala Harris.