- Trump removes Lisa Cook from Federal Reserve Board position.
- Claims she made false statements in mortgage-related documents.
- Says the action is necessary to maintain trust in financial regulation.
U.S. President Donald Trump has announced the removal of Lisa Cook from her position as a Governor on the Federal Reserve Board.
Eko Hot Blog retrieves that in a letter addressed to Cook and shared on social media Monday night, Trump cited findings from the Federal Housing Finance Agency (FHFA), which he said had referred evidence to the Department of Justice.
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According to the letter, Cook allegedly made “false declarations” in mortgage documents.
Trump described the matter as serious, suggesting the situation raised doubts about Cook’s ability to serve as a financial regulator.
“At the very least, this shows a level of carelessness in handling financial matters that makes your suitability for this role questionable,” the letter read.
He concluded by stating that, in order to uphold the law, her removal was necessary. “I have concluded that removing you from this position is essential in the interest of enforcing the law,” he said.
