Trump renews bid to fire Fed governor Lisa Cook despite supreme court ruling

President Donald Trump has renewed his attempt to remove Federal Reserve governor Lisa Cook, sending her a letter that says he is considering firing her over allegations of mortgage fraud, the same claims behind his first effort last summer, according to reporting by The Guardian.

The move follows a Supreme Court ruling in June that allowed Cook to remain in her seat while contesting the charges, with the court saying the administration had not given her the procedural protections she was entitled to. Cook's lawyers have called the allegations baseless and say they will challenge any removal attempt, arguing that under the court's precedent there is no valid cause for removing her.

What to watch now is how the White House proceeds after Cook's written response, and how the renewed fight affects the Federal Reserve's independence and its rate-setting decisions in the months ahead.