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NewsWPLG Local 10 – Main FeedAugust 26, 2026Miami-Dade

Federal Reserve Governor Lisa Cook rejects White House authority to remove her from board

Federal Reserve Governor Lisa Cook stated that the Trump administration lacks the legal authority to terminate her position on the central bank's governing board. This response follows renewed threats from the White House regarding her removal.

Federal ReserveExecutive BranchEmployment LawBanking Regulation
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Why It Matters

The independence of the Federal Reserve is a central pillar of U.S. monetary policy, and this dispute concerns the legal limits of presidential power to remove officials from independent regulatory agencies.

Key Facts

  • Federal Reserve Governor Lisa Cook issued a formal response to White House threats regarding her job security.
  • Cook asserts that the Trump administration has no legal basis to remove her from the Federal Reserve's governing board.
  • The response was delivered in a letter sent on Wednesday.

Who's Mentioned

personLisa Cook“Federal Reserve Governor currently facing removal threats”personAbbe Lowell“Attorney for Lisa Cook”organizationTrump administration“The administration threatening to remove a Federal Reserve governor”organizationFederal Reserve“The central bank of the United States”personNorman Eisen“Attorney for Lisa Cook”organizationSupreme Court“Judicial body that ruled Cook could remain in her position pending litigation”personDonald Trump“President of the United States seeking to remove a Fed governor”