Skip to main content

On August 25, 2025, President Trump fired Federal Reserve Governor Lisa Cook. What reason did he publicly cite for her removal?

Explanation

Trump fired Cook based on mortgage fraud allegations from FHFA Director Bill Pulte, who claimed Cook falsified mortgage documents to get favorable loan terms. Cook denied these charges, and bank docum...

Unlock the full explanation

Get deeper insights with Principle Premium

Upgrade to Premium

This question is part of Supreme Court to hear Fed Governor Cook firing case. 5 more questions available.