The Trump administration has initiated a new effort to remove Federal Reserve Governor Lisa Cook, this time by providing her with formal notice. The notice informs Cook that President Trump is considering her removal and gives her 21 days to respond to mortgage fraud allegations. This action follows a Supreme Court ruling that blocked Trump's initial attempt to remove Cook, citing a lack of proper notice and opportunity to respond. The new letter aims to fulfill those procedural requirements, in a move described as an unprecedented attempt to fire a Fed governor. The White House letter revives the same mortgage fraud allegations previously used, asserting they constitute "cause" for removal and undermine public confidence. Cook's lawyers vehemently deny the allegations, calling them baseless and stating there is no valid cause for her removal. They vow to challenge this latest attempt, preserving Cook's position and the Federal Reserve's independence. The letter explicitly references the Supreme Court's opinion, indicating a direct response to the justices' prior decision. Cook is given until August 26th to provide her explanation before a final decision is made.