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White House Urges Lisa Cook’s Removal Over Fraud Allegations

8/13/2026

33 5 Full Breakdown

Summary

Story summary

U.S. President Donald Trump said he spoke briefly with Fed Chair Kevin Warsh, denying frequent contact.
The White House urged the removal of Fed Governor Lisa Cook over unverified mortgage-fraud allegations.
Trump criticized former Fed Chair Jerome Powell for not cutting rates and said Warsh must follow the Fed board.
Futures markets see a 75 percent chance of a rate hike by the midterms after weak July jobs data.

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Story summary

U.S. President Donald Trump said he spoke briefly with Fed Chair Kevin Warsh, denying frequent contact.
The White House urged the removal of Fed Governor Lisa Cook over unverified mortgage-fraud allegations.
Trump criticized former Fed Chair Jerome Powell for not cutting rates and said Warsh must follow the Fed board.
Futures markets see a 75 percent chance of a rate hike by the midterms after weak July jobs data.