Trump Orders Federal Reserve Governor Lisa Cook's Immediate Removal

President Donald Trump announced on his social media platform Truth Social that he has removed Federal Reserve Governor Lisa Cook from the Fed's Board of Governors, accusing her of filing "deceitful and potentially criminal" mortgage documents.

In the letter addressed to Cook, Trump alleged that she first declared a Michigan property as her primary residence for the year, then weeks later signed another affidavit stating a Georgia residence would be her principal home. "It is inconceivable that you were not aware of your first commitment when making the second," he wrote.

Cook, the Fed's first African American woman governor since her 2022 appointment, has yet to publicly respond. Last week, in response to mortgage fraud allegations by the head of the Housing Finance Agency, she said she would not be "bullied to step down" and was gathering facts to address the claims.

Trump has ramped up pressure on the Fed—particularly Chair Jerome Powell—over reluctance to cut interest rates, and has hinted at the possibility of firing Powell as well.

Main Insight: The removal of Lisa Cook underscores President Trump's aggressive stance on the Federal Reserve's leadership and monetary policy decisions.

This topic was reported by BBC News.

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