President Donald Trump's decision to fire a Federal Reserve governor on Monday sparked outrage online.

Trump posted on Truth Social that he is firing Governor Lisa Cook, the only Black woman to ever serve as a Federal Reserve governor, because his administration alleged she committed mortgage fraud.

"There is sufficient evidence to believe that you submitted false information on one or more mortgage applications," reads a letter Trump shared on Truth Social announcing Cook's firing.

Cook was thrust into the spotlight recently after Trump's Justice Department accused her of committing mortgage fraud. She has denied all wrongdoing.

Several analysts shared their thoughts about the move on social media.

"Trump makes his autocrat move to take over the Fed," journalist Ron Filipkowski posted on Bluesky. "Hopefully she will challenge this in court."

"Yes, the stakes are large. Very large," University of Michigan economist Justin Wolfers wrote in a post on X, sharing a graph of inflation under Turkish President Recep Tayyip Erdoğan after he fired the country's central bank authorities.

"This is exactly how you lose your country," Spencer Hakimian, founder of Tolou Capital Management, posted on X.

"Trump knows he’s tanking the economy, and he’s looking to blame everyone other than himself," Democratic Wins Media posted on X.

Democrat influencer Harry Sisson described Cook's firing on X as "blatantly unconstitutional and authoritarian."

"This should be challenged in court ASAP!" Sisson added.