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Trump orders removal of Federal Reserve governor Lisa Cook over mortgage fraud allegations

August 26, 2025 • By The Hindu • Assam • Source: https://thehindu.com/news/inte...

Featured Trending Published EN

President Trump removes Federal Reserve Governor Lisa Cook for alleged false statements on mortgage agreements, increasing pressure on the central bank.

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U.S. President Donald Trump on Monday (August 25, 2025) took the unprecedented action of firing Lisa Cook, the first African-American woman to serve as a Federal Reserve governor, over claims of mortgage borrowing impropriety.

The President had calle... [4122 chars]

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