From The WSJ, is President Trump going to go all The Apprentice and say, "You're Fired!" President Trump says he is removing Lisa Cook, a Joe Biden-appointed Federal Reserve governor due to allegations of mortgage fraud. However, according to the law Trump will need to fire her with cause. At this point Cook has only been accused not convicted.
President Trump said he is removing Lisa Cook, a Joe Biden-appointed Federal Reserve governor, citing allegations that Cook submitted fraudulent information on mortgage applications.
“I have determined that there is sufficient cause to remove you from your position,” Trump wrote in a letter to Cook posted on social media on Monday night.
Trump’s decision comes days after Bill Pulte, the leader of the Federal Housing Finance Agency, alleged that in 2021 Cook sought mortgages on two properties—one in Michigan, the other in Atlanta—and described both of them as her primary residence in papers submitted 14 days apart.