U.S. President Donald Trump is renewing his effort to fire Federal Reserve Gov. Lisa Cook, keeping alive his assault on the central bank¡¯s independence even after the U.S. Supreme Court in June dealt him a significant setback in his bid to remove her earlier this year, according to a letter seen by reporters.
The White House told Cook in a letter this week that the president was ¡°considering¡± removing her from her role and demanded she respond to unproven mortgage fraud allegations within three ?weeks ¡ª allegations her attorney called ¡°baseless.¡±
The salvo against Cook is the second time this week Trump has restarted an effort to take actions that the Supreme Court blocked earlier this ?year. Trump ?earlier this week also issued another order attempting to limit birthright citizenship after the high court ruled against his previous effort to limit who ?is automatically considered a U.S. citizen.
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