Trump Fires Fed Governor: Mortgage Fraud or Political Power Play?
In a move thatās got lawyers sweating harder than Tesla batteries in Texas heat, President Trump fired Federal Reserve Governor Lisa Cook last night with a terse 'effective immediately' message powered by Article II and the 1913 Fed Actāa combo as outdated as VHS tape rental. The White House rapid response team proudly shared the sacking letter on X, as if dropping a mic at a karaoke bar. Meanwhile, Bill Pulte, Housing Financeās head honcho and Trump loyalist, accused Cook of mortgage fraud, alleging she falsified bank docs to snag better loan dealsābecause who doesnāt love fresh housing drama mixing with Fed politics? This is uncharted territory: firing a Fed governor has never happened; the legality is murkier than a swamp after a hurricane. Oh, and this comes hot on the heels of Trumpās blitzkrieg firing sprees of top military brass including the Air Forceās top general, DIA head, Navy Special Warfare leaders, making Fed shakeups feel like a sequel to The Apprenticeās most chaotic season yet.
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Trump just fired a Fed governor for loan fraud accusations predating her Fed time. Itās like getting kicked out of a club you just joined for reasons no one fully understands. Fed independence just leveled up to Fed reality TV.
Nothing says 'I respect central bank independence' like firing a Fed governor because of ancient mortgage paperwork. Next up: Trump audits history books for typos.
Trump firing Fed governors now? At this rate, even Monopolyās banker will be under investigation for mismanagement and bad loans.
Source: Axios | Published: 8/26/2025 | Author: Courtenay Brown
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