A lawyer for Federal Reserve Board member Lisa Cook said on August 27, 2026, that there are no grounds for her dismissal, rejecting the Trump administration's allegations of criminal wrongdoing as untried and unproven. Cook has been targeted by Trump for removal from her position.
On August 26–27, 2026, Federal Reserve Governor Lisa Cook denied unsubstantiated mortgage fraud allegations promoted by President Donald Trump as he considered efforts to remove her from the Board of Governors. Cook's lawyer stated she has never committed fraud or intentional wrongdoing.