White House notifies Fed Governor Cook of dismissal review

2026-08-07

The White House has sent a letter to Federal Reserve Governor Lisa Cook, informing her that US President Donald Trump is considering removing her from office, it was learned by Aug. 7. The letter sought a response by Aug. 26 on allegations of mortgage fraud related to loans Cook arranged.

Letter sent dated Aug. 5

The letter, obtained by Nikkei on Aug. 7, was dated Aug. 5 and sent under the name of Dan Scavino, the White House's personnel chief and deputy chief of staff to the president.

Pressure over dismissal continues

In August 2025, Trump claimed on social media that Cook had engaged in fraud in her mortgage contracts and unilaterally notified her of her dismissal. Cook filed suit seeking to block the removal. The US Supreme Court in June 2026 ruled against allowing her immediate dismissal.

The Supreme Court took issue with the fact that Cook was not given an opportunity to respond before the dismissal, but did not address the validity of the dismissal itself. Following that ruling, Trump posted on social media that he would 'take appropriate action immediately,' signaling that he would continue seeking her removal.

The letter criticized Cook for failing to provide any explanation despite having ample opportunity to address the allegations. Citing the Supreme Court's point, it framed her response to the letter as an 'opportunity to respond.' According to Reuters, Cook's lawyer said in a statement that there was 'no valid reason for dismissal.'

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