Trump said that Cook was fired with immediate effect in a note posted to Truth Social. In the document, he accused her of “deceitful and potentially criminal conduct.”
Cook, 61, found herself in the crosshairs of the Trump administration on Monday when the letter, which Pulte addressed to Attorney General Pam Bondi, was released. President Donald Trump called for Cook to resign just hours after the news was made public.
Pulte has targeted Trump opponents over allegations of mortgage fraud. The firing of Cook is especially notable in light of Trump’s efforts to pressure the central bank to lower interest rates.
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Cook’s early departure gives Trump the ability to nominate a new person to the Fed board, presumably someone who would share his desire for
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