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President Trump Directs Dismissal of Federal Reserve Governor Cook Due to Allegations of Mortgage Fraud | Economic Affairs

URGENT ALERT: US President Donald Trump Orders Immediate Removal of Federal Reserve Governor Lisa Cook

United States President Donald Trump has invoked his authority under the US Constitution and the Federal Reserve Act of 1913 to remove Federal Reserve Governor Lisa Cook from her position “effective immediately.” This decision comes in the wake of allegations that Cook made false statements on her mortgage applications.

In a letter posted on his Truth Social platform, Trump states, “Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.”

Stay tuned for further details…

Source: https://www.aljazeera.com/economy/2025/8/26/trump-orders-removal-o-fed-governor-cook-over-mortgage-fraud-claims?traffic_source=rss

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Trump Removes Federal Reserve Governor Lisa Cook Amid Claims of Mortgage Fraud

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