President Trump says he’s firing Federal Reserve Governor Lisa Cook. In a letter posted on his social media platform, the president said he’s removing Cook because of allegations that she committed mortgage fraud. Cook had said she wouldn’t leave her post despite the president previously calling for her to resign. The move is a sharp […]
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Trump says he’s firing Fed Governor Cook over fraud allegations
President Trump says he’s firing Federal Reserve Governor Lisa Cook. In a letter posted on his social media platform, the president said he’s removing Cook because of allegations that she committed mortgage fraud. Cook had said she wouldn’t leave her post despite the president previously calling for her to resign. The move is a sharp escalation in his battle to gain greater control over the nation’s central bank, which historically has enjoyed political independence. For months, Donald Trump has berated Fed Chair Jerome Powell for not lowering interest rates.