Trump Removes Fed Governor Lisa Cook

President Trump announced the removal of Federal Reserve Governor Lisa Cook via a letter posted to Truth Social, citing a criminal referral from William Pulte alleging mortgage fraud. Trump accused Cook of "deceitful and potentially criminal conduct in a financial matter" and emphasized the need for public confidence in Fed officials. Cook responded that she would not be bullied into stepping down over questions raised on social media. The Federal Reserve did not immediately respond to the removal. The firing follows ongoing tensions between Trump and the Fed, and signals presidential intent to influence the independent central bank.

In the letter addressed to Cook, Trump cited Pulte's "criminal referral" before accusing the Fed governor of "deceitful and potentially criminal conduct in a financial matter." In a statement released last week in response to the allegations, Cook said she had "no intention of being bullied to step down from my position because of some questions raised in a tweet."

"The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve member banks," Trump wrote in his Monday statement. "The American people must have the full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve." The Federal Reserve did not immediately respond to Trump's decision. Cook's firing is the latest in a series of flashpoints between Trump and the Federal Reserve.

Read at The American Conservative