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Trump fires Fed Governor Lisa Cook, cites mortgage fraud claim

Trump fires Fed Governor Lisa Cook, cites mortgage fraud claim
business8/26/2025

President Donald Trump's removal of a Federal Reserve governor could end up being challenged at the Supreme Court.

Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board's supplementary leverage ratio standards at the Federal Reserve Board building in Washingto... [2816 chars]