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Trump fires Fed Governor Lisa Cook

Trump says he's firing Fed Governor Lisa Cook amid allegations of mortgage fraud

The president said in a letter posted on his Truth Social platform Monday night that he is removing Lisa Cook effective immediately.

NBC News on MSN · 5h

Trump says he's removing Federal Reserve Gov. Lisa Cook, citing his administration’s allegations of mortgage fraud

Cook, the first Black woman to serve on the Fed's board, said that Trump has no authority fire her and her lawyer said that they would file a lawsuit challenging "this illegal action."

CNBC on MSN · 6h

Lutnick suggests Lisa Cook's refusal to accept Trump firing from Fed supports fraud claim

Commerce Secretary Howard Lutnick punted when asked if President Trump would fire Federal Reserve Chair Jerome Powell if he allowed Cook to stay on the job.

1h

Housing Official’s Push on Mortgage Fraud Gives Trump a Political Weapon

The director of Federal Housing Finance Agency could win the president an opening on the Federal Reserve board.

Why Trump's attempt to influence the Fed could backfire

If investors lose faith in the Fed, they may start demanding higher yields on long-term bonds. That could lead to an increase ...

20hon MSN

Trump has accused Fed Governor Lisa Cook of mortgage fraud. Here’s what we know

The Trump administration has accused Federal Reserve Governor Lisa Cook of mortgage fraud, a federal crime. But there’s still ...

Fox Business on MSN5d

Mortgage fraud bombshell: 30-year prison term possible for top Biden-appointed Fed official

The Big Money Show’ discusses President Donald Trump targeting Fed official Lisa Cook over explosive mortgage fraud ...

5d

Why the Federal Reserve has historically been independent of the White House

Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.

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