White House Continues to Target Cook Despite Decision From Justices That Upheld Federal Reserve’s Independence

Cook reportedly received a letter from the White House this week that provided notice, in accordance with the supreme court’s June ruling, that Trump is “considering removing” her from her Fed position over the same claims of mortgage fraud that he levied against her last summer. The letter, first reported by ABC News, accused Cook of falling “well short of the standard” required of a sitting Fed governor and requested she provide a written response to the allegations within three weeks. The supreme court in June ruled 5-4 that Cook was entitled to stay on as Fed governor while she fights the president’s allegations, writing in its majority opinion that Trump failed to afford Cook the procedural protections to which she was entitled by statute. Without such protections, she could not properly dispute the charges the president laid against her, the justices said.