President Donald Trump dismissed Federal Reserve Governor Lisa Cook on Monday, citing “sufficient cause” over allegations of mortgage fraud. The move marks a dramatic shakeup inside the central bank, as Cook—first appointed by President Joe Biden in 2022—faced scrutiny over claims she improperly listed two primary residences on mortgage documents.
President Donald Trump on Friday called for Federal Reserve Governor Lisa Cook to resign or face termination, following allegations that she committed mortgage fraud while serving on the board of the central bank. “What she did was bad,” Trump said. “So I’ll fire her if she doesn’t resign.”
