Trump Moves to Oust Fed Governor Lisa Cook as Legal Clash Erupts

President TRUMP has announced his intention to remove Federal Reserve Governor Lisa Cook, alleging fraudulent information on mortgage applications. "I have determined that there is sufficient cause to remove you from your position," Trump stated in a letter shared on social media. The White House emphasizes the need for the Fed to remain beyond reproach, intensifying tensions over interest rates and the central bank's future direction.

Cook swiftly rejected the dismissal, asserting Trump lacks legal authority for such action. "President Trump purported to fire me 'for cause' when no cause exists under the law," she responded. Her lawyer, Abbe Lowell, vowed to challenge the move, calling it flawed and legally baseless. The Fed has yet to comment.

The controversy stems from allegations initiated by Bill Pulte at the Federal Housing Finance Agency, fueling a public feud marked by online attacks labeling Cook "The Fraudster." The clash underscores broader institutional and political battles surrounding monetary policy.