Trump Ousts Federal Reserve Governor Lisa Cook Amid Fraud Allegations

President TRUMP has removed Federal Reserve Governor Lisa Cook from her position, marking an unprecedented move against the central bank. The dismissal, effective immediately, cites authority under Article II of the Constitution and the Federal Reserve Act of 1913. Cook, nominated by President Biden in 2022, faces allegations of mortgage fraud related to dual primary residence claims in Michigan and Georgia.

The WHITE House alleges Cook made false statements on mortgage agreements, with Trump referencing a criminal referral to the Department of Justice. The controversy gained traction after Bill Pulte, Director of the Federal Housing Finance Agency, publicly accused Cook of fraud on social media and filed a criminal complaint.

This escalation reflects Trump's broader pressure campaign against the Federal Reserve, raising questions about institutional stability. The move could reverberate through financial markets, though no direct cryptocurrency implications are immediately apparent.