Former President Donald Trump has accused Federal Reserve Board Governor Lisa Cook of filing two mortgage applications within two weeks, each claiming a different “primary residence.” In a letter posted online, Trump calls her alleged actions “inconceivable” and demands her removal from her role on the Board.
Global markets wavered sharply after President Donald Trump said he was firing Federal Reserve Governor Lisa Cook. The announcement arrived following Wall Street’s trading session on Monday, reversing some of the market’s previous gains.
In a major turn of events, President Donald Trump announced he had removed Lisa Cook from her position as a Federal Reserve governor. Investors reacted swiftly, with U.S. Treasury yields mostly moving higher while stock futures dipped ahead of the opening bell.
Donald Trump says he has fired Federal Reserve Governor Lisa Cook, sparking renewed worries about the independence of the U.S. central bank. The move may lead to legal hurdles and scrutiny from investors and policymakers alike.
