Trump says he'll fire Fed Governor Lisa Cook 'if she doesn't resign' [View all]
Source: CNBC
Published Fri, Aug 22 2025 10:23 AM EDT Updated 10 Min Ago
President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. “What she did was bad,” the president told reporters who asked about Cook, an appointee of former President Joe Biden who has come under fire from the Trump administration over allegations about her mortgages.
“So I’ll fire her if she doesn’t resign,” he said during a surprise visit to The People’s House, a museum of the White House.
If Trump were to successfully remove Cook “for cause,” he would get the chance to reshape the central bank’s governing board, potentially for years to come. Two of the seven current governors, Christopher Waller and Michelle Bowman, are Trump appointees. Both dissented from the Fed’s most recent decision to hold interest rates steady. And another seat opened up earlier this summer, when Adriana Kugler announced she would step down.
If Trump is able to remove Cook, he would appoint her replacement — effectively ensuring that a majority of the board members shared his view of monetary policy. Board members serve 14-year terms.
Read more: https://www.cnbc.com/2025/08/22/trump-fire-fed-lisa-cook-powell.html
Call 'em out. Racists ethnic cleansing. It's not "economics" or "Price of eggs", "Kitchen table issues", "Working class".
Article updated.
Previous article -
President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. "What she did was bad," the president told reporters who asked about Cook, an appointee of former President Joe Biden who has come under fire from the Trump administration over allegations about her mortgages.
"So I'll fire her if she doesn't resign," he said during an impromptu visit to The People's House, a museum of the White House.
Federal Housing Finance Agency Director Bill Pulte this week publicly accused Cook of mortgage fraud related to claims that she took two different properties as her primary residence at the same time. He sent a criminal referral to the Department of Justice, which revealed Thursday that it will investigate Cook.
Pulte, a vocal critic of Fed Chairman Jerome Powell who has aggressively backed Trump's calls for the central bank to lower interest rates, has continuously attacked Cook on social media since revealing his allegations.
Original article -
President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position.
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