Trump officials urge Fed to remove governor after she refuses to quit

Published on August 21, 2025 at 06:04 PM
Trump officials urge Fed to remove governor after she refuses to quit

Federal Reserve governor Lisa Cook is latest figure targeted by Trump administration over claims of mortgage fraud

The Trump administration is ratcheting up pressure on the Federal Reserve to remove governor Lisa Cook, after the economist declared she had “no intention of being bullied” into stepping down.

Cook, who was appointed to the US central bank’s powerful board of governors by Joe Biden, has been accused by Donald Trump’s officials of committing mortgage fraud. The allegations are unconfirmed.

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Federal ReserveTrump administrationBusinessUS economyUS newsUS politicsEconomicsJerome Powell

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