Trump Ousts Fed Governor Lisa Cook Over Alleged Mortgage Fraud

President TRUMP has removed Federal Reserve Governor Lisa Cook, citing "sufficient cause" related to allegations of mortgage fraud. The unprecedented move throws the Federal Reserve into uncharted territory and raises questions about political interference in central bank operations.

Cook allegedly made conflicting declarations about her primary residence during property purchases earlier this decade. Trump's letter accuses her of "deceitful and potentially criminal conduct," arguing such behavior disqualifies her from regulating financial markets.

The abrupt dismissal comes as cryptocurrency markets show renewed volatility, with traders closely watching for any Fed policy implications. Bitcoin and Ethereum prices remained stable following the announcement, suggesting markets had largely priced in political uncertainty.