Instant Reaction: Trump Moves to Fire Fed's Lisa Cook
August 26, 2025
3 min
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1,435 of 1,713
August 26, 2025
Instant Reaction: Trump Moves to Fire Fed's Lisa Cook
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Bloomberg Television Episodes Around August 26, 2025
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3:48This episodeInstant Reaction: Trump Moves to Fire Fed's Lisa Cook
Summary
<p>President Donald Trump moved to oust Federal Reserve Governor Lisa Cook from her post at the US central bank in the wake of allegations from a White House ally that she falsified documents on mortgage applications.</p> <p>“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,” Trump wrote in a letter sent to Cook on Monday, which he posted on Truth Social. “In light of your deceitful and possibly criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity.”</p> <p>Presidents can remove Fed governors from office, but only for cause. Laws that describe “for cause” generally define the term as encompassing three possibilities: inefficiency; neglect of duty; and malfeasance, meaning wrongdoing, in office.</p> <p>For instant reaction, host Doug Krizner speaks with Enda Curran, Bloomberg global economy reporter. </p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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