US EditionTrump says he is removing Fed Governor Cook
- On Monday, President Donald Trump dismissed Federal Reserve Governor Lisa Cook amid accusations of mortgage fraud related to property claims.
- The firing followed accusations from Bill Pulte, Trump’s Federal Housing Finance Agency Director, who alleged Cook claimed two properties as primary homes in 2021 to secure better mortgage terms.
- Cook denied wrongdoing, stating she will not be bullied to resign and intends to respond seriously to questions about her financial history amid an ongoing Justice Department investigation.
- Markets reacted mildly as investors anticipate earlier and possibly further interest rate cuts, while strategists warn the firing raises concerns about the Fed's independence and political influence.
- The dismissal signals intensified political efforts by Trump to control the Fed’s policymaking, potentially leading to legal battles and broader impacts on the agency’s autonomy and financial markets.
217 Articles
217 Articles
Gold is back at the center of the scene as its prices rise considerably this Tuesday, reaching almost record levels.This increase takes place after President Trump’s controversial decision to try to dismiss Federal Reserve Governor Lisa Cook, due to allegations of mortgage fraud. Cook has refused to leave her post, raising concerns about the stability and independence of the central bank. According to the original report, this situation has led …
'I will not resign': Federal Reserve governor accused of fraud now defies Trump's order that she's fired * WorldNetDaily * by Bob Unruh
'Her firing doesn't change the fact that she's under criminal investigation. Antagonizing the administration by suing over her removal won't do her any favors'
Federal Reserve Gov. Lisa Cook responds to Trump: 'I will not resign'
(The Hill) -- Federal Reserve Governor Lisa Cook doubled down on her vow not to resign from the Fed, after President Donald Trump moved on Monday to fire the board member over mortgage fraud allegations. In a statement, Cook argued the president has “no authority” to remove her from her post. “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement obtained b…
Top Democrats rip Trump move to fire Lisa Cook from Federal Reserve board
Top Democrats pounced on President Trump Monday after he moved to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations. Cook, who was appointed by former President Biden in 2022, has pledged to remain in the position, saying Trump has “no authority” to remove her. “Any attempt to fire Lisa Cook from her position of…
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