‘I Will Not Resign’: Federal Reserve Official Trump Is Attempting to Fire Says She’s Not Going Anywhere

Michael Luciano Aug 25th, 2025, 11:48 pm

AP Photos/Alex Brandon/Manuel Balce Ceneta

President Donald Trump announced that he is firing Federal Reserve Governor Lisa Cook , but it is not clear that he has the authority to do so.

On Friday, Trump threatened to remove her if she did not resign.

In a letter to Cook dated Monday, Trump wrote that “you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.” The president claimed that he was removing Cook “for cause.” The Trump administration alleges that Cook may have falsified records to receive more favorable terms on a mortgage. Cook, who is the first Black woman to ser

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