In a recent letter sent to Attorney General Pam Biondi, attorneys representing Federal Reserve Governor Lisa Cook have rejected mortgage fraud allegations posed by a Trump administration official. This rare call for the removal of a Federal Reserve governor arises amid long-standing tensions between President Trump and the Fed concerning interest rates. Cook, who is the first Black woman on the Fed's board after being appointed by President Biden in 2022, has announced her intent to fight the allegations legally after a criminal referral from Bill Pulte, the director of the Federal Housing Finance Agency. Pulte also accused several prominent Democrats of similar misconduct, arguing that Cook's declarations of her primary residences were fraudulent. However, Cook's lawyers claim the allegations stem from a misunderstanding of her property declarations and that there are no grounds for asserting fraud. As the case unfolds, it not only sparks a personal conflict for Cook but could also affect the balance of power within the Federal Reserve if she is removed. Currently, the Supreme Court plans to address this matter, setting the stage for what could be a significant milestone in the ongoing political saga surrounding the Fed.