Trump Targets Fed Governor Lisa Cook Again | US News

US News Today | 2 Min News | The Daily News Now! · Aug 7, 2026 · 1m

Trump’s latest bid to oust Fed Governor Lisa Cook hits a legal wall — the White House accused her of “gross negligence” tied to disputed mortgage paperwork, threatening 30-year prison sentences, even though no charges exist. But after a Supreme Court ruling clarified that Fed governors must be given due process before removal, Cook now has three weeks to respond — and her team is ready to fight back, calling the move politically motivated and a threat to Fed independence. This isn’t the first time — she was confirmed via tie vote with Kamala Harris — and this time, the legal battle could…