Trump's attempt to fire Fed Governor Lisa Cook over mortgage fraud claims failed after courts ruled she can only be removed for cause, which isn't proven.

President Donald Trump's attempt to remove Federal Reserve Governor Lisa Cook over mortgage fraud allegations has faced multiple legal setbacks. A federal appeals court blocked the administration's effort, upholding a lower court's ruling that Cook can only be fired for cause, which the administration has not proven. Allegations stemmed from claims that Cook listed two homes as primary residences, but evidence shows she disclosed her Atlanta home as a vacation property during loan applications and confirmed it as a second home during her confirmation. The Department of Justice is investigating, but experts say prosecution is unlikely without lender financial harm. The case is now before the Supreme Court, with Cook remaining in place for the Fed's upcoming policy meeting.