Trump considers firing Fed Governor Lisa Cook
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Trump on Wednesday called for economist Lisa Cook to resign from the Fed Board of Governors over allegations of mortgage fraud.
The first Black woman to sit on the U.S. central bank’s board has been ‘making an impact — not making headlines.’
The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board,
A new report says the president might try to fire Cook, the first woman of color to sit on the Federal Reserve Board of Governors.
Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.
President Trump said today that Lisa Cook, a Federal Reserve governor who has repeatedly voted not to cut interest rates despite his public pressure, should “resign, now!!!” It was the president’s latest push to remake the central bank.
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