August 26, 2025 8:46 PM

Trump fires federal reserve Governor Lisa Cook over mortgage fraud allegations

US President Donald Trump has fired Federal Reserve Governor Lisa Cook, announcing the decision in a letter posted on his social media platform, Truth Social. Trump cited the mortgage fraud allegations as the primary reason for her dismissal. According to media reports, Cook had recently come under scrutiny from Trump and members of his administration over allegations of mortgage fraud.   The Justice Department has stated it will investigate the claims, which were initially raised by Fede...