FILE - Lisa Cook, a Federal Reserve Board of Governors member, speaks during an event at the Brookings Institution, Nov. 3, 2025, in Washington. A month later, she purchased a condominium in Atlanta and, in a July 2021 document, also referred to it as her “primary residence.” Cook also referred to it as a second home in federal filings during her confirmation process to become a Fed governor. “These allegations are as baseless now as they were a year ago when President Trump tried to remove Governor Cook and interfere with the independence of the Federal Reserve,” Lowell said in a statement. “No matter what President Trump tries to do next, this much is clear under the facts and Supreme Court precedent — there is no valid cause for removing Governor Cook.