US EditionWho is Lisa Cook, and what is Federal Reserve governor accused of?
- 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.
266 Articles
266 Articles
Trump Targets Fed’s First Black Woman Governor, Triggering Legal and Economic Showdown
President Donald Trump’s attempt to fire Lisa Cook, one of the seven governors of the Federal Reserve, is the kind of constitutional clash that feels less like a personnel dispute and more like a test of American democracy. It forces us to confront a question we rarely have to ask so bluntly: where does presidential authority end, and where must institutional independence begin? Cook, appointed by President Joe Biden in 2022, is no stranger to b…
Trumponomics 2.0 Comes to the Federal Reserve - Liberty Nation News
By Andrew Moran President Donald Trump fired Federal Reserve Governor Lisa Cook this week. In an Aug. 25 letter posted on Truth Social, the president terminated Cook “for cause,” citing mortgage fraud allegations recently presented by Bill Pulte, head of the Federal Housing Finance Agency. Despite Cook not being found guilty of anything, the accusation was enough for […]
Black Lawmakers Blast Trump Over ‘Racist’ Firing of Fed Governor Lisa Cook
The Congressional Black Caucus had harsh words for President Donald Trump in a statement supporting Federal Reserve Governor Lisa Cook. Last week, the Spelman College grad came under fire from the president in a social media post alleging that Cook committed mortgage fraud. While Cook has not officially been charged with any crimes, he called for her to resign. A distinguished economist, the Georgia native is the first Black woman to sit on the …
☕ Daily Brief: Trump vs. The Fed
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