By: Isaac Kwabena Boadu Date: 27th August, 2025
President Donald Trump has ordered for the removal of Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud.
President Trump earlier on, stated that he would sack Lisa Cook if she did not resign her post and subsequently has ordered for her removal.
Lisa Cook has been the first Black woman to sit on the Federal Reserve’s board of Governors. She was nominated to the Fed in 2022 by former President Mr. Joe Biden.
Lisa Cook’s potential dismissal has sparked controversy, coming just days after allegations surfaced from Bill Pulte, a federal housing finance agency director. Pulte claimed on social media that Cook falsified records and documents to secure favorable mortgage terms before her appointment.
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