Trump Seeks to Remove Fed Governor Lisa Cook
US President Donald Trump has announced plans to remove Federal Reserve Governor Lisa Cook, marking an unprecedented escalation in his standoff with America’s central bank. Trump claimed there was “sufficient reason” to believe Cook made false statements on mortgage agreements. He invoked what he described as constitutional powers to justify her dismissal. In a post on his Truth Social platform, Trump alleged Cook signed one mortgage in Michigan declaring the property as her primary residence, only to sign another in Georgia two weeks later with the same declaration. In response, Cook said Trump had no authority to remove her and vowed to stay in her position. “He has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy,” she said. Her lawyer, Abbe David Lowell, warned that legal […]