Federal Reserve Governor Lisa Cook has once again denied the unsubstantiated mortgage fraud accusations repeatedly raised by President Donald Trump, who is now weighing a fresh attempt to remove her from her position—a move that could ignite another intense legal battle over the central bank's independence.

In a letter sent to the White House on Wednesday, Cook's legal counsel dismissed the claims as "baseless and contrary to the facts," stating that "Governor Cook has never committed mortgage fraud, nor has she engaged in any intentional misconduct, and there exists no legal grounds to remove her from the Federal Reserve Board."

The renewed confrontation follows Trump's earlier unsuccessful bid to oust Cook via the Supreme Court just months ago, which failed by a narrow margin. This latest clash is part of a broader effort by Trump and his allies to install Fed governors who align with his push for interest rate cuts, intensifying the ongoing struggle over the nation's monetary policy direction.