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Donald Trump's administration is resuming its efforts to remove Lisa Cook, a member of the Federal Reserve Board of Governors, after the Supreme Court ruled that she can remain in her position despite the charges against her. The new direction comes amidst allegations of neglect by Jassy, and unproven accusations, including claims that she registered two homes as her primary residence to obtain better financing terms—an assertion Cook denies. The letter states that her dismissal is not based on just cause, and is viewed as an attempt by Trump to ensure the removal of members who might support interest rate cuts, amid fears that this could pave the way for further actions against board members.
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