Summary
Former President Donald Trump announced via social media that he has decided to remove Federal Reserve governor Lisa Cook from her position. Trump accused Cook of signing conflicting mortgage agreements for properties in Michigan and Georgia. Neither Lisa Cook nor the Federal Reserve has commented on Trump's decision.
Key Facts
- Donald Trump announced the removal of Lisa Cook from the Federal Reserve Board.
- Trump made the announcement on his social media platform, Truth Social.
- He accused Cook of signing conflicting mortgage documents for properties in two different states.
- The accusation involves Cook's claims about primary residences in Michigan and Georgia.
- As of now, Lisa Cook and the Federal Reserve have not responded to the accusations.
- Cook is the first African American woman to serve on the Federal Reserve Board since 2022.
- Trump has criticized the Federal Reserve and its chair, Jerome Powell, for not lowering interest rates.
