Legal Hurdles Mount for Trump’s Bid to Oust Fed Official Lisa Cook

Former President Donald TRUMP faces escalating legal resistance in his campaign to remove Federal Reserve official Lisa Cook. A bipartisan coalition of former Treasury Secretaries—including Robert Rubin, Larry Summers, and Timothy Geithner—has filed a brief warning that her dismissal would undermine the Fed's independence and public trust. The White House alleges 'cause' for termination based on unproven mortgage fraud accusations, but two federal courts have already blocked the move.

Cook, a vocal advocate for maintaining current interest rate policies, has become a target as Trump pushes for rapid cuts. Despite lacking formal charges or evidence, the administration continues its efforts, drawing scrutiny over potential political interference in monetary policy. The standoff highlights tensions between executive authority and central bank autonomy.