Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook artwork

Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook

Latest Stories from The Associated Press

August 7, 2026

AP correspondent Ed Donahue reports on President Trump's attempt to make changes at the Federal Reserve.
Speakers: Ed Donahue, Donald Trump

Topics: News

**Ed Donahue** (0:00)
The Trump administration is moving ahead again to try to fire Federal Reserve Governor Lisa Cook. Last year, President Trump accused Cook of mortgage fraud.

**Donald Trump** (0:08)
No, she seems to have had an infraction, and she can't have an infraction, and especially that infraction, because she's in charge of, if you think about it, mortgages, and we need people that are 100% above board.

**Ed Donahue** (0:21)
Cook says the allegations are manufactured because she sets interest rates based only on what would best serve the American people. Two months ago, the Supreme Court allowed Cook to retain her job, but Chief Justice John Roberts wrote in a footnote in his opinion, nothing forbids the president from trying to fire Cook again, as long as she is given proper notice and a chance to contest it. The president indicated after the opinion he would do just that. The new letter to Cook rehashes the old allegations. Ed Donahue, Washington.

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