Top Democrats pounced on President Trump Monday after he moved to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations.
Cook, who was appointed by former President Biden in 2022, has pledged to remain in the position, saying Trump has “no authority” to remove her.
“Any attempt to fire Lisa Cook from her position of Governor at the Federal Reserve is just the latest in Donald Trump’s DC partisan games to rig the economy for his billionaire donors at the expense of hardworking Americans,” Senate Minority Leader Chuck Schumer (D-N.Y.) said in a statement.
The top Senate Democrat raised concerns about the stability of the economy, saying the effort to fire Cook “shreds the independence of the Fed and puts every American’s savings and mortgage at risk.”
“Donald Trump is p