Federal Reserve Board Governor Lisa Cook participates in a board meeting at the Federal Reserve on March 19, 2026 in Washington, DC. President Donald Trump is "considering" firing Federal Reserve Board Governor Lisa Cook, the White House said this week, reviving an effort that had been stymied by the Supreme Court in June. Those are the same allegations Trump and his allies floated when he first moved to fire Cook from the central bank last year. A federal court blocked Trump from firing Cook while her suit was pending. "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," Lowell's statement said.