Federal Reserve Governor Denies Allegations, Contests White House Removal

Federal Reserve Governor Lisa Cook has formally denied renewed mortgage fraud allegations from the White House, setting the stage for a potential new legal battle over the central bank's independence. In a letter sent to the White House on August 26, 2026, Cook's lawyers stated that the accusations are "unfounded and untrue" and that there is no legal basis for her removal from the Federal Reserve Board. The White House did not immediately comment on the letter.