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Trump Says He'll Fire Fed's Cook If She Doesn't Resign
Financial Express Delhi
|August 23, 2025
PRESIDENT DONALD TRUMP said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top White House ally.
"I'll fire her if she doesn't resign," Trump told reporters on Friday.
The comments intensify Trump's pressure campaign against the US central bank, which he has bashed for months over its decision to hold interest rates steady.
He's attacked Fed Chair Jerome Powell over monetary policy decisions as well as cost overruns for a major renovation of the bank's Washington headquarters. This week, he also took aim at Cook, who was appointed by former President Joe Biden to a term that runs until 2038.
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