• Trump considers firing Fed Governor Lisa Cook over unproven mortgage fraud allegations.
• Supreme Court had previously blocked Trump's earlier attempt to remove Cook.
• Cook's attorney claims the allegations are baseless and will be challenged.
• The White House demands a response from Cook to the allegations within three weeks.
• Trump's actions reflect ongoing tensions over Federal Reserve policies.

President Trump is reinstating his campaign to remove Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud. The White House communicated to Cook that she must respond to these claims within three weeks, reflecting Trump's determination to take action despite a recent Supreme Court ruling that previously safeguarded her position. The Court had stated that Trump's earlier attempt to dismiss Cook lacked the procedural protections required under the law, which has led to this renewed effort on Trump's part, as detailed in a letter from White House Deputy Chief of Staff Dan Scavino, as reported by CBS News, Reuters, and NPR.

The allegations against Cook were initially raised by William Pulte, a Trump ally, regarding her conduct in mortgage agreements. Scavino's letter alleged that Cook's actions could reflect "gross negligence" in her financial dealings, which, according to the letter, undermines her competence as a financial regulator. Cook, however, has denied these allegations as baseless and responded through her attorney, emphasizing that there is no legitimate reason for her removal, according to reports by Reuters and NPR.

This latest attempt by Trump signals a continuation of his longstanding criticism of the Federal Reserve, particularly its policies not aligning with his administration's agenda. The Supreme Court's ruling, which concluded that Fed governors can only be removed for cause, highlights the significant protections in place for Federal Reserve officials, ultimately preserving their independence from political pressures, as stated by CBS News, Reuters, and NPR.