President Donald Trump is renewing his attempt to remove Lisa Cook from the Federal Reserve, according to a letter from the White House obtained by MS NOW.

The letter to Cook, dated Aug. 5, states that Trump “is considering removing you from your position on the Board of Governors of the Federal Reserve due to there being sufficient reason to believe that you made false statements on one or more of your mortgage agreements.”

The letter was first reported by ABC News.

Cook’s lawyer, Abbe Lowell, said in a statement that the allegations of mortgage fraud “are as baseless now as they were a year ago,” when Trump first tried to remove Cook.

“No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook,” Lowell said. “As we did before, we will challenge this latest pretext and preserve her position and the historic role of the Fed.”

Trump’s latest attempt at pushing Cook out of the central bank comes weeks after the Supreme Court blocked him in June from immediately firing her, allowing her to remain on the job while she fights Trump’s efforts to oust her. Days later, the president indicated to CNBC that he would continue to try to remove Cook.

The letter to Cook points to a criminal referral from Bill Pulte, director of the Federal Housing Finance Agency, to the Justice Department from August 2025, alleging that Cook had committed mortgage fraud by listing both her homes, in Atlanta and Ann Arbor, Michigan, as a primary residence in what they said was an attempt to obtain a lower interest rate for her loans.

“Because the allegations in the Criminal Referral reflect on your honesty, trustworthiness, and competence to perform the duties of the office you currently hold, the President has determined that there is reason to believe they constitute cause to remove you from your position on the Board of Governors of the Federal Reserve,” the letter read.

Cook has denied the allegations. Her lawyer, Lowell, has said that the accusation hinges on “one stray reference” in a document from 2021 that was “plainly innocuous in light of the several other truthful and more specific disclosures” about her properties. Reuters reported in September 2025 that Cook did in fact list her Atlanta house as a “vacation home” on a loan estimate.

Cook is the first Black woman to serve on the central bank’s board. She was nominated to the role in 2022 by then-President Joe Biden and narrowly confirmed by the Senate.

The letter comes three months after the Senate confirmed Kevin Warsh as Federal Reserve chairman, succeeding Jerome Powell. Trump had waged an aggressive campaign to pressure Powell to lower interest rates to no avail. After Trump nominated him to lead the central bank, Warsh said during his confirmation hearing that he would not capitulate to Trump’s demands to cut rates.

According to a White House official, Trump and Warsh have been speaking “once in a while” by phone since Warsh became Fed chairman. The official, speaking on the condition of anonymity to describe private conversations, described the calls as casual and said the president is typically taking a pulse on how Warsh sees economic issues, such as artificial intelligence.

“They have a very friendly relationship,” the person said. The official, who said they have listened in on some of the calls, said the president isn’t pushing Warsh on interest rates.

The post Trump renews attempt to fire Lisa Cook from Federal Reserve after Supreme Court defeat appeared first on MS NOW.

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From MS Now.