Saturday, October 10, 2026·Focal News

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Trump renews effort to remove Fed governor Lisa Cook, putting new chair Kevin Warsh under pressure

President Donald Trump has launched a new effort to oust Federal Reserve Gov. Lisa Cook, after the Supreme Court previously blocked his attempt on due-process grounds. The latest move puts new Fed Chair Kevin Warsh at the center of a fresh test of the central bank’s independence.

Trump renews effort to remove Fed governor Lisa Cook, putting new chair Kevin Warsh under pressure
President Donald Trump is renewing his effort to remove Federal Reserve Gov. Lisa Cook, forming an administration panel to examine her statements about home loans and demanding that she defend herself at a White House hearing next month. Trump and his aides have alleged that Cook’s mortgage statements are evidence of fraud. The allegations are not established findings. The Supreme Court previously blocked Trump from removing Cook, citing due-process concerns. The renewed push puts pressure on Kevin Warsh, who became Fed chair in May, to navigate a conflict between the White House and a central bank designed to make monetary policy independently of day-to-day political demands. The Federal Reserve’s autonomy matters because its decisions on interest rates and other monetary policy affect borrowing costs and the broader economy. Trump’s latest action against a sitting governor raises new questions about how the institution will respond when the president seeks to influence its leadership.

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