Trump Fires Lisa Cook For "Potentially Criminal Conduct", Creating Another Opening On Fed Board

Promises made… promises kept…

On Friday, President Trump warned that he would fire Federal Reserve Governor Lisa Cook who allegedly “falsified bank documents and property records to acquire more favorable loan terms” if she didn’t resign…

.@POTUS on Federal Reserve Governor Lisa Cook: “I’ll fire her if she doesn’t resign. What she did was bad, so I’ll fire her if she doesn’t resign.” pic.twitter.com/1vEv7k7ar8

— Rapid Response 47 (@RapidResponse47) August 22, 2025

She immediately played the victim card, claiming she “would not be bullied”.

But now that is moot as President Trump has fired her effective immediately:

” I have determined that there is sufficient cause to remove you from your position…

…

The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve and member banks. 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. In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity. At a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator.”

Full letter below: 

Trump will now have a majority on the Fed Board…

If/when Cook leaves/is fired, Trump will have a majority on the Fed board pic.twitter.com/6Hxn8f2PPw

— zerohedge (@zerohedge) August 21, 2025

Trump was quick to make note of her dismissal on Truth Social:

How long before Democrats decry this racist act and demand it be appealed all the way to SCOTUS? Or will she skulk away sheepishly admitting she broke the law rather than face the discovery that Bob Pulte has already exposed?