President Donald Trump has said he will immediately remove Federal Reserve official Lisa Cook from her position, a major escalation in his battle against the US central bank. In an announcement made on his social media platform Truth Social, Trump posted a letter addressed to Cook in which he informed her of his decision to remove her from the bank’s …
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Read More »WASHINGTON (AP) — President Donald Trump said Monday night that he’s firing Federal Reserve Governor Lisa Cook, an unprecedented move that would constitute a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics. Trump said in a letter posted on his Truth Social platform that he is removing …
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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 Washington, DC, on June 25, 2025. Saul Loeb | AFP | Getty Images President Donald Trump on Monday fired Federal Reserve Governor Lisa Cook, according …
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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 of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on …
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Read More »Lisa Cook, Who Broke Ground at the Fed, Faces Attack by Trump The New York Times Trump says he’ll fire Fed Governor Lisa Cook ‘if she doesn’t resign’ CNBC What Is the Mortgage Fraud Lisa Cook Is Accused Of? Bloomberg.com Fed Chair Jerome Powell signals path to rate cuts in Jackson Hole speech CBS News Moments after Jerome Powell’s latest speech, Trump threatens to …
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Moments after Federal Reserve Chair Jerome Powell’s closely watched speech at the Jackson Hole symposium on Friday, President Donald Trump dramatically escalated his ongoing assault on the central bank’s leadership by threatening to fire governor Lisa Cook if she does not resign. The extraordinary move punctuated an already tense week for the central bank, as Trump has been criticizing Cook …
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MORAN, Wyo.—Federal Reserve Chair Jerome Powell signaled Friday that the central bank could be edging closer to lowering interest rates, even as he warned of the difficult economic backdrop confronting policymakers. Speaking at the Kansas City Fed’s annual Jackson Hole symposium, Powell described an unsettling mix of risks. “In the near term, risks to inflation are tilted to the upside, …
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President Donald Trump said Friday that he will fire Federal Reserve governor Lisa Cook if she doesn’t resign. “What she did was bad. So I’ll fire her if she doesn’t resign,” he told reporters. Trump’s comment came days after Federal Housing Finance Agency Director William Pulte alleged that Cook had committed mortgage fraud. In a letter to Attorney General Pam …
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