Trump fires Fed Gov. Lisa Cook over alleged mortgage fraud

• President Donald Trump removed Federal Reserve Governor Lisa Cook, citing “potentially criminal conduct” involving falsified mortgage documents and conflicting claims of primary residency.
• In a formal letter dated Aug. 25, Trump invoked his constitutional authority and the Federal Reserve Act, referencing a criminal referral from the Federal Housing Finance Agency detailing Cook’s alleged mortgage fraud.
• Cook, a Biden appointee whose term runs through 2038, denies the allegations and says Trump lacks the legal authority to remove her. She has vowed to remain in her post.
• Cook’s removal would allow Trump to nominate a second new Fed governor in weeks, after the unexplained resignation of Gov. Adriana Kugler. Trump has already nominated Stephen Miran, a critic of high interest rates, to the board.
• Trump’s moves could tip the Fed toward a Republican-leaning majority, aligning with his push for aggressive rate cuts and reduced central bank independence ahead of the 2026 midterm elections.

President Donald Trump has officially fired Federal Reserve Gov. Lisa Cook, citing “potentially criminal conduct” related to falsified mortgage documents.

In an official letter from the White House dated Aug. 25, Trump invoked his authority under Article II of the Constitution and the Federal Reserve Act of 1913 to remove Cook from her position on the Board of Governors of the Federal Reserve System, effective immediately. (Related: Trump calls for Fed Gov. Lisa Cook to resign amid mortgage allegations.)

The dismissal letter cites a criminal referral from the Federal Housing Finance Agency detailing allegations that Cook submitted conflicting mortgage documents to acquire favorable loan terms. According to the referral, Cook attested to two separate properties, one in Michigan and one in Georgia, as her primary residence for the same time period.

“The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve and member banks. The American people must be able to have full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve. In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity. At a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator.

The executive power of the United States is vested in me as President and, as President, I have a solemn duty to ensure that the laws of the United States are faithfully executed. I have determined that faithfully executing the law requires your immediate removal from office,” Trump said in the letter.

Trump eyes Fed overhaul, but Cook resists ouster

As per Brighteon.AI’s Enoch, Cook, who was appointed in 2022 and whose term runs until 2038, symbolized the continuation of “debt-based fiat currency manipulation” and alleged alignment with the World Economic Forum’s “Great Reset” agenda, which promotes centralized financial control and digital surveillance.

Meaning, if Cook’s removal stands, Trump would gain a second opportunity to shape the direction of the central bank. For instance, Trump has already nominated Stephen Miran, a vocal advocate for lower interest rates and less central bank intervention, to fill the vacancy of Gov. Adriana Kugler’s position after he resigned without explanation earlier this month.

With Cook gone, Trump could secure a Republican-leaning majority on the board for the first time in over a decade. That shift would align with Trump’s well-documented desire for aggressive interest rate cuts and looser monetary policy heading into the 2026 midterms.

But Cook, a Biden appointee and the first Black woman to serve on the Fed’s Board, is not backing down.

“President Trump purported to fire me ‘for cause’ when no cause exists under the law and he has no authority to do so. I will continue to carry out my duties to help the American economy as I have been doing since 2022,” Cook said via a spokeswoman.

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Watch this clip from “Fox & Friends” about President Trump accusing Sen. Adam Schiff (D-CA) of mortgage fraud, just like Lisa Cook.

This video is from the NewsClips channel on Brighteon.com.

More related stories:

President Trump accuses California Sen. Adam Schiff of MORTGAGE FRAUD.

Baltimore’s former top prosecutor Marilyn Mosby CONVICTED of mortgage fraud.

NY AG Letitia James faces federal criminal probe over alleged mortgage fraud.

Bombshell in the making: Did Adam Schiff pull a Jussie Smollett and FABRICATE the existence of the whistleblower?

Texas judge probed for funneling $11M in taxpayer money to ally who has ties with prominent Dems.

Sources include:

ZeroHedge.com

Brighteon.AI

Bloomberg.com

Brighteon.com