Trump tries to fire Lisa Cook by September 30?

President Trump has renewed efforts to remove Federal Reserve Governor Lisa Cook through a formal notice process after the Supreme Court’s June 2026 ruling blocked his initial 2025 attempt. That decision required due process before any “for cause” removal under the Federal Reserve Act, citing protections for central bank independence. The latest step, a White House letter dated around August 5, 2026, informs Cook she has 21 days to address pre-tenure mortgage fraud allegations before a final decision. Ongoing litigation, potential appeals, and the administration’s focus on monetary policy influence remain central drivers of trader assessments around timing and outcome. Key upcoming elements include Cook’s response deadline and any further court rulings on removal authority.

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