Trump Removes Fed Governor Lisa Cook, Citing “Cause” Under Federal Reserve Act

President Donald Trump has ordered the removal of Federal Reserve Governor Lisa D. Cook, citing “sufficient cause”. In a letter dated Monday and shared on Truth Social, the president accused Cook of making false statements on mortgage agreements, referencing a recent criminal referral by the Federal Housing Finance Agency.

Trump’s letter alleged that Cook signed separate documents in Michigan and Georgia, each declaring a property as her primary residence within the same period. He said the actions amounted to “deceitful and potentially criminal conduct” that undermined confidence in the central bank. “At a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness,” the president wrote.

The White House has not yet released additional comment beyond the letter.