Will Lisa Cook still be a Federal Reserve governor on Aug 31?
88% of users predicted YES — the community got this one right. 25 predictions cast.
Lisa Cook remained a sitting Federal Reserve governor as of August 31, 2026, continuing to serve on the central bank's board despite President Trump's attempt to remove her. The dispute began in 2025, when Trump sought to fire Cook, the first Black woman to serve on the Fed board, citing allegations of mortgage fraud tied to properties she purchased in 2021, before she joined the Fed. It marked the first time in the Federal Reserve's 111-year history that a president attempted to unilaterally remove a sitting governor. On June 29, 2026, the Supreme Court ruled that Trump likely could not remove Cook without due process, finding that a Fed governor may only be removed for cause after being given notice and an opportunity to respond to the allegations against her, which Cook had not been afforded. The ruling allowed her to keep her seat while her underlying legal challenge continued. By late August, no further legal or administrative action had dislodged her from the board, and the Fed's own governor roster continued to list her as a sitting member. The community strongly expected her to remain in place, with 88% predicting "yes," and that expectation held. The case remains a closely watched test of the Federal Reserve's independence from White House control.