President Donald Trump fired Federal Reserve Governor Lisa Cook on Monday. But the Georgia-born economist said she’s not going anywhere.
“I will not resign,” Cook said in a statement through her attorney. “I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
Federal law says the president can dismiss a governor for cause — usually meaning misconduct in office. In this case, Trump accused the Milledgeville native of committing fraud while seeking mortgages on a condo in Atlanta and a home in Michigan by characterizing both as her primary residence.
“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,” Trum