CNBC reports that the lawyer for Federal Reserve Governor Lisa Cook has responded to President Trump's renewed effort to remove her, following a Supreme Court decision in late June that blocked an earlier attempt while leaving open a path for the president to try again.
Key facts
- CNBC reports that Federal Reserve Governor Lisa Cook's lawyer has responded to President Trump's renewed effort to remove her.
- The Supreme Court blocked Trump from firing Cook in late June, according to CNBC.
- The Supreme Court left the president with a path to try again to remove her, CNBC reported.
A lawyer for Federal Reserve Governor Lisa Cook has responded to President Donald Trump’s renewed effort to remove her from the U.S. central bank, according to CNBC.
The response follows a legal development earlier in the year. The Supreme Court in late June blocked Trump from firing Cook from the Federal Reserve, according to CNBC’s reporting.
That decision was not a complete resolution of the matter. The Supreme Court left the president with a path to try again to remove her, CNBC reported.
It is not yet clear what further steps the president may take or how any renewed attempt would proceed. The response from Cook’s legal team indicates the matter remains unresolved.
Why it matters
The question of whether a president can remove a Federal Reserve governor concerns the central bank's independence from the executive branch. As of this reporting, the dispute remains unresolved.
Frequently asked questions
Did the Supreme Court allow Trump to fire Lisa Cook?
No. According to CNBC, the Supreme Court in late June blocked Trump from firing Cook from the Federal Reserve, though it left the president with a path to try again to remove her.
Is the effort to remove Lisa Cook over?
No. Trump has renewed his threat to remove her, and Cook's lawyer has responded, indicating the matter remains unresolved, according to CNBC.