The Trump administration is pushing to remove Federal Reserve Governor Lisa Cook, citing mortgage fraud allegations over her listing two homes as primary residences — a claim she denies as politically motivated. Despite a Supreme Court ruling allowing her to stay on while legal proceedings continue, the White House has sent her a formal notice of potential removal, giving her until August 26th to respond. Her legal team insists the allegations are baseless, calling them an effort to undermine Fed independence, and plans to fight the latest move just as fiercely as before.
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