US EditionTrump says he’ll fire Fed Governor Lisa Cook ‘if she doesn’t resign’
Trump aims to replace Fed Governor Lisa Cook to secure a majority on the board amid allegations of mortgage fraud dating back to 2021, which Cook denies.
- On Friday, President Donald Trump said he will fire Federal Reserve Governor Lisa Cook if she does not resign, which would allow him to appoint a third member and shift the board majority.
- Amid a broader pressure campaign on the Fed, Bill Pulte, Director of the Federal Housing Finance Agency, wrote to Attorney General Pam Bondi alleging Lisa Cook falsified bank documents, while the Trump administration pushes for rate cuts.
- Pulte's referral alleges specific residence discrepancies, noting Lisa Cook, Federal Reserve Governor, listed an Ann Arbor, Michigan property and an Atlanta, Georgia condo as primary residences to gain favorable loan terms, citing a Feb. 28, 2023 filing and a Sept. 1, 2022 rental listing.
- Legal experts note there is no precedent for a president firing members of the Federal Reserve Board of Governors, who can be removed only "for cause" under the Federal Reserve Act of 1913, making any removal subject to U.S. courts' scrutiny.
- In the coming months, President Donald Trump will nominate a new Fed chair and governor, while Sen. Elizabeth Warren challenged any forced firing as political and Ed Martin urged Fed Chair Jerome Powell to remove Cook amid DOJ investigation.
50 Articles
50 Articles
President Trump Says Fed Governor Lisa Cook Must Resign Or He Will FIRE Her
President Trump isn’t playing any games with Fed Governor Lisa Cook. Cook, who has been under fire for the last two weeks for allegedly committing mortgage fraud, may find herself out of a job. While being interviewed at the People’s House Museum, Trump shared that he will be forced to fire Cook if she doesn’t resign soon. CNBC provided a further report on Trump’s comments: President Donald Trump said Friday he will fire Federal Reserve Governor…
Trump threatens to fire Fed Governor Cook if she doesn't resign
President Donald Trump on Friday threatened to fire a member of the Federal Reserve's board of governors if she doesn't resign from her role.Federal Reserve Governor Lisa Cook is facing mortgage fraud allegations that are under investigation by the Department of Justice (DOJ) following a criminal referral by Federal Housing Finance Agency head Bill Pulte – a staunch Trump ally and critic of the Fed."I'll fire her if she doesn't resign," Trump to…
Trump threatens to fire federal reserve governor if she does not resign
President Donald Trump arrives with Speaker of the House Mike Johnson, R-La., for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)President Donald Trump has redoubled his call for Federal Reserve Board Governor Lisa Cook’s exit, telling reporters Friday that if Cook, a former professor at Michigan State University, doesn’t resign, he will fire her. The president first call…
Trump Targets Fed’s First Black Woman Governor, Demands Resignation or Removal
Donald Trump is once again targeting independent institutions — this time threatening to fire Lisa Cook, a Federal Reserve governor and the first Black woman ever appointed to the position. “I’ll fire her if she doesn’t resign,” Trump told reporters Friday, escalating a political assault on the Fed that breaks with more than a century of norms. Cook, appointed by President Biden in 2022 to a term lasting until 2038, has already made her position…
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