President Trump has launched a probe into Federal Reserve Governor Lisa Cook, according to Al Jazeera, continuing an effort to remove her from the central bank's board that began in 2025 and is now the subject of ongoing litigation.
Key facts
- Trump has launched a probe into Federal Reserve Governor Lisa Cook, according to Al Jazeera.
- Efforts to remove Cook from the Fed Board began in 2025.
- Litigation over the matter is ongoing.
- The dispute concerns Cook's position as a governor on the US Federal Reserve Board.
President Donald Trump has launched a probe into Federal Reserve Governor Lisa Cook, according to Al Jazeera, in a further step in a dispute over her position on the central bank’s board.
The move builds on efforts that began in 2025, when Trump started working to remove Cook as one of the governors on the US Federal Reserve Board. According to Al Jazeera, that attempt has not been resolved and related litigation is ongoing.
Details of the scope of the probe, its specific allegations, and any response from Cook were not stated in the available reporting. The outcome of the litigation also remains undetermined.
Why it matters
An effort by a sitting president to remove a Federal Reserve governor, now tied up in litigation, raises questions about the central bank's autonomy in setting US monetary policy.
Frequently asked questions
Who is Lisa Cook?
Lisa Cook is one of the governors on the US Federal Reserve Board, according to the source reporting.
When did Trump begin trying to remove Lisa Cook?
According to Al Jazeera, Trump began efforts to remove Cook from the Fed Board in 2025.
Has the matter been resolved?
No. Al Jazeera reports that litigation connected to the effort is ongoing.