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Trump Tries To Fire Fed’s Lisa Cook—But Courts Say ‘Tell Her First’

KEY POINTS

  • The Trump administration notified Federal Reserve Governor Lisa Cook on August 20, 2025, about potential removal over mortgage fraud allegations.
  • This is a follow-up to the Supreme Court blocking Trump’s earlier firing attempt due to lack of notice and opportunity to respond.
  • Cook received 21 days to respond by August 26, while her lawyers called the allegations baseless and vowed to challenge any removal.

In what’s becoming the bureaucratic equivalent of a bitter breakup, Trump’s team just sent Fed Governor Lisa Cook a letter—dated August 20, 2025—with mortgage fraud allegations that could yank her off the Federal Reserve throne. This marks round two since the Supreme Court slapped down his earlier silent firing attempt for skipping ‘notice and chance to respond.’ The letter, penned by Trump’s ride-or-die aide Dan Scavino, cheekily reminds Cook she’s had 10 months to comment but stayed silent. She’s now got 21 days to drop a reply by August 26—or risk the boot. Meanwhile, Cook’s lawyers, lobbyists of Fed independence, fire back with 'baseless allegations' and courtroom war vows that scream 'Not today, Don!'

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Source: Axios | Published: 8/7/2026 | Author: Courtenay Brown

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