Trump's push to oust Fed Governor Lisa Cook sparks political and market turmoil
TL;DR Summary
President Donald Trump announced he will immediately remove Federal Reserve Governor Lisa Cook, citing alleged false statements on mortgage agreements, in a move that challenges the Fed's independence and could lead to legal disputes. Cook has refused to resign, asserting Trump has no authority to fire her, amid ongoing tensions over monetary policy and interest rate decisions.
- Trump orders removal of Federal Reserve governor Lisa Cook BBC
- Trump says he's removing Fed Governor Lisa Cook, cites mortgage fraud allegations CNBC
- Dollar, longer-dated Treasuries slide as Trump escalates attack on Fed; gold rises Reuters
- "Authoritarian power grab": Democrats erupt as Trump moves to fire Fed governor Lisa Cook Axios
- Lisa Cook Says She Will Not Step Down From the Fed The New York Times
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