President Donald Trump has made a number of changes that made their way to the Supreme Court, and it appears that might be happening again.
Trump announced earlier this week that he was removing Lisa Cook from the Federal Reserve Board of Governors in what many saw as an unprecedented move, as ABC News reported.
However, this could be a legal battle for Cook that takes the case all the way to the nation’s high court, because it could be seen as political interference.
Some believe the move by Trump is an escalation in his push for control over the influential financial institution that is the Fed.
The president posted on social media on Monday evening about the change, saying he was removing Cook, effective immediately.
According to the president he this is due to allegations that she was involved in mortgage fraud before she joined the board.
“Pursuant to my authority under Article Il of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” Trump said in a letter to Cook.
🚨 LMAO! Leftist professor Paul Krugman says Lisa Cook’s literal MORTGAGE FRAUD is the equivalent of “cheating on a third grade exam”
Democrats are now openly backing fraudsters 🤣
The midterms are going to be EPIC. pic.twitter.com/X6LlhVHy29
— Nick Sortor (@nicksortor) August 26, 2025
Cook responded, saying that she wouldn’t step down, and that the president doesn’t have the authority to fire her.
“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement. “I will not resign.”
“I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
Cook has long been an influential figure as she became the first black woman to serve on the Fed’s board of governors.
The Fed itself votes on the central banking system’s major interest rate decisions, and has a wide-reaching impact on economic issues.
Before she was appointed to the board, she was an economics professor and held roles in the Clinton, (second) Bush, and Obama administrations.
