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CNBC

07 Aug 2026, 17:50 UTC · 3h ago

Trump revives effort to fire Fed's Lisa Cook

NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

What the story claims

3 claims · each scored for market impact

What matters in this story

1
President Trump is considering firing Federal Reserve Board Governor Lisa Cook based on allegations of false statements on mortgage agreements. — Attempts to remove a sitting Fed governor threaten the perceived independence of the central bank, which typically spikes market volatility and risk premiums.
-0.80
2
The White House has formally requested an explanation and evidence from Governor Cook regarding mortgage fraud allegations within three weeks. — This indicates a formalized legal escalation following a Supreme Court opinion, increasing the likelihood of a prolonged institutional conflict.
-0.40
3
Governor Cook's legal representation intends to challenge the removal attempt as a pretext to interfere with the Federal Reserve's independence. — Signifies a guaranteed legal battle that will keep the focus on Fed instability rather than purely economic data.
-0.20