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Trump removes Federal Reserve Governor Lisa Cook from office, citing fraud allegations

On HALO

10 hours ago

President Donald Trump ousted Federal Reserve Governor Lisa Cook on Monday, alleging she lied on mortgage forms by declaring two primary residences.In a letter to Cook, Trump said the Federal Reserve Act provides that she can be removed at his discretion."As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States…there is sufficient reason to believe you may have made false statements on one or more mortgage agreements," Trump wrote. "For example, as detailed...

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