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

business • 8/26/2025

Trump cited a "criminal referral" from Federal Housing Finance Agency Director William Pulte against Cook, the first Black woman to serve on the Federal Reserve Board.

President Donald Trump is removing Federal Reserve Governor Lisa Cook effective immediately, according to a letter he posted to Truth Social on Monday night. In the letter, Trump writes: "Pursuant to my authority under Article II of the Constitution ... [2703 chars]