President Donald Trump on August 7, 2026, renewed his effort to remove Federal Reserve Governor Lisa Cook from her position, citing unproven allegations of mortgage fraud against her, according to NPR.
An earlier removal attempt by Trump was struck down. The Financial Times reported that the Supreme Court ruled in June 2026 that Cook could remain in her position while the case is resolved.
The mortgage fraud allegations have not been proven, NPR said. The Supreme Court's June ruling preceded Trump's latest move by roughly two months.