President Donald Trump announced on August 26, 2025, that he is firing Federal Reserve Governor Lisa Cook, effective immediately. The President cited allegations that Cook committed mortgage fraud as the reason for her removal.
The allegation was initially made by Bill Pulte, a Trump appointee to the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae. Cook, however, stated on the same night that she would not step down from her position.
This unprecedented move by the President represents a significant escalation in his efforts to exert greater control over institutions traditionally considered independent, such as the Federal Reserve. It also underscores the administration's strong focus on combating mortgage fraud within the financial system.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.