Author: Catherine Nouhan
Published on: 07/08/2026 | 00:00:00

AI Summary:
The White House has revived its efforts to remove Lisa Cook, the first black woman to serve as a governor at the Federal Reserve. On Friday, media reports emerged that the administration of President Donald Trump had sent Cook a letter, threatening her position. Recommended Stories list of 3 items list 1 of 3US Fed holds interest rates steady, citing ‘elevated’ inflation list 2 of 3 US labour market sheds jobs in July. White House Deputy Chief of Staff Dan Scavino signed the letter. Cook was nominated in 2022 under Democrat Joe Biden. That could have made her eligible for favourable mortgage rates. But there is no conclusive evidence so far that Cook sought to deceive lenders.

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