Trump Hatches New Revenge Plot After Supreme Court Defeat

Evan Vucci / REUTERS President Donald Trump has escalated his war against Federal Reserve Governor Lisa Cook.

Frustrated that the Supreme Court would not allow him to fire the Biden-appointed governor just two years into a 15-year term, Trump, 80, has come up with a new plan.

In a memo signed Oct.

7 and published Friday, Trump announced the establishment of a committee to investigate the alleged wrongdoing of Cook, declaring that the committee will meet at the White House on Nov.

5 to “consider the evidence and allegations against Governor Cook.” “As President, it is my job to ensure the laws are faithfully executed, including by firing subordinates who cannot be trusted to tell the truth and follow the law,” he wrote.

Cook is one of seven governors of the Reserve, the independent body that sets key fiscal policies like interest rates.

She is one of three Biden appointees.

Tensions escalated between Cook and Trump when he took the unprecedented step of writing a termination letter to Cook in August 2025, informing her that she would be removed from her position “effective immediately” due to allegations of mortgage fraud.

The allegation was made by MAGA acolyte Bill Pulte, the head of the Federal Housing Finance Agency, who has also referred New York Attorney General Letitia James and California Democratic Senator Adam Schiff to the department on similar mortgage fraud allegations.

Cook insisted she had done nothing wrong, and argued in court that the president lacked the authority to sack her on such grounds.

The Supreme Court sided with her , enraging the president and stymying his bid to gain greater control over monetary policy through stacking the board with his goons.

In a statement, Cook’s lawyers said they had “grave doubts that this ‘hearing’ is a legitimate one that would conform to the law.” They noted Trump’s repeated statements that he had already decided to fire Cook.

“We have engaged with the White House to evaluate whether the process proposed has a possibility of being a genuine one and not simply a box checking exercise,” Cook’s lawyers Abbe Lowell and Norm Eisen said.

Cook “welcomes the opportunity to present the facts so she can clear her name and demonstrate there is no legal basis to fire her,” they added.