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Trump ‘fires’ Lisa Cook, escalating his war on the Federal Reserve
There is little precedent: No Fed governor has been dismissed for cause before.
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Dr Lisa Cook, a governor on the US Federal Reserve’s board, was accused of lying on her mortgage applications.
PHOTO: BRITTANY GREESON/NYTIMES
The Economist
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Mr Donald Trump has not been shy: He wants interest rates down, fast. For months, the US President has berated the Federal Reserve for dithering and cutting rates too slowly. In July, he flirted with firing Mr Jerome Powell, the Fed’s chair, but backed off.
Another angle of attack opened up when Mr Bill Pulte, the head of the Federal Housing Finance Agency, claimed that Dr Lisa Cook, a governor on the central bank’s board, had lied on her mortgage applications.
