Tag: Lisa Cook

Federal Reserve Shock: Trump Moves to Oust Governor Lisa Cook Amid Mortgage Fraud Claims

Federal Reserve Shock: Trump Moves to Oust Governor Lisa Cook Amid Mortgage Fraud Claims

By: Darius Kingsley Aug, 26 2025 0 Comments

President Donald Trump moved to fire Federal Reserve Governor Lisa Cook over alleged mortgage fraud, claiming “sufficient cause.” Cook says the president lacks authority and will fight the order. Democrats called it an attack on the Fed’s independence, while the legal path remains unclear. If successful, Trump could further reshape the Fed’s seven-member board.

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Federal Reserve Shock: Trump Fires Governor Lisa Cook, Testing the Law and the Bank’s Independence

Federal Reserve Shock: Trump Fires Governor Lisa Cook, Testing the Law and the Bank’s Independence

By: Darius Kingsley Aug, 26 2025 0 Comments

President Trump moved to fire Fed Governor Lisa Cook, citing mortgage fraud allegations and claiming legal cause. Cook denies wrongdoing and is challenging the move in court. Democrats called it an attack on Fed independence. If it stands, Trump could gain a voting majority on the Board of Governors. The clash sets up a high-stakes legal fight over presidential power and central bank autonomy.

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Federal Reserve Shock: Trump Fires Governor Lisa Cook, Testing the Law and the Bank’s Independence

Federal Reserve Shock: Trump Fires Governor Lisa Cook, Testing the Law and the Bank’s Independence

Darius Kingsley

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