What Trump’s firing of Fed governor means for central bank’s independence
The US president fired Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more controlTrump says he is firing Lisa Cook over mortgage fraud claimsDonald Trump fired Lisa Cook, a Federal Reserve governor, late on Monday, in a move viewed as a sharp escalation in...
<p>The US president fired Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control</p><ul><li><p><a href="https://www.theguardian.com/business/2025/aug/25/trump-fires-federal-reserve-governor-lisa-cook">Trump says he is firing Lisa Cook over mortgage fraud claims</a></p></li></ul><p>Donald Trump fired Lisa Cook, a Federal Reserve governor, late on Monday, in a move viewed as a sharp escalation in his battle to exert greater control over the independent institution.</p><p>Trump said in a letter posted on his Truth Social platform that he is firing Cook because of allegations she committed mortgage fraud. The allegation was made last week by Bill Pulte, a Trump appointee to the Federal Housing Administration, an agency that regulates mortgage giants Fannie Mae and Freddie Mac.</p> <a href="https://www.theguardian.com/business/2025/aug/25/trump-federal-reserve-lisa-cook-explained">Continue reading...</a>
Read the full article at:
The Guardian World →