President Donald Trump fired Federal Reserve Gov. Lisa Cook on Monday over allegations of mortgage fraud.
In a letter from Trump to Cook that was posted to social media, the president said he had “sufficient cause” to remove her, citing her mortgage fraud allegations.
“I have determined that there is sufficient cause to remove you from your position,” Trump wrote.
Appointed by former President Joe Biden in 2022, Cook was recently accused by Federal Housing Finance Agency head Bill Pulte of committing mortgage fraud by listing two primary residences. The president pledged to fire her if she did not resign.
“In his initial allegations, Pulte included photographs of document signatures apparently belonging to Cook that allegedly applied to two different primary residences, one in Michigan
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