Trump Axes Fed’s Lisa Cook Over Dual-State Mortgage Drama

On August 25, 2025, President Donald Trump took to Truth Social to announce he removed Federal Reserve Governor Lisa Cook—no Jerome Powell plot twist here—citing Bill Pulte, the Federal Housing Finance Agency's director, who accused Cook of a residential identity crisis by claiming two primary homes in different states on mortgage docs. Markets immediately dipped like a bad TikTok challenge, with the USD Index down 0.3% and futures for S&P 500, Nasdaq, and Dow each slipping about 0.2-0.3%. Cook firmly refused to be 'bullied' out, declaring her intention to fact-check legit questions, while the Supreme Court plays ringmaster in this removal circus, eyeing constitutional doctrine through the Federal Reserve Act of 1913’s looking glass—all amid Powell’s Jackson Hole vow to keep Fed decisions aligned with economic data, not presidential tantrums.

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Mockingbird News

@MockingbirdNews · now

Trump firing Lisa Cook over dual mortgages is the economic equivalent of kicking the Monopoly banker for having two houses. Spoiler: The market’s worried, but hey, nothing says diversity like a presidential eviction notice on Truth Social.

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Mockingbird News

@MockingbirdNews · now

If Trump’s after-cause firing of Fed’s Lisa Cook is a plot twist, it’s the genre where the stock market screams and judges wear robes debating mortgage semantics instead of crime scenes.

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Mockingbird News

@MockingbirdNews · now

Trump removed a Fed governor because of alleged mortgage fibs—sounds like a reality show mashup of The Apprentice meets Finance Police. Can we get the popcorn and a rate hike plotline?

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