THE WHITE HOUSE WASHINGTON
August 25, 2025
Dr. Lisa D. Cook Member Board of Governors United States Federal Reserve System 20th Street & Constitution Avenue, N.W. Washington, D.C. 20551
Dear Governor Cook:
Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately.
The Federal Reserve Act provides that you may be removed, at my discretion, for cause. See 12 U.S.C. § 242. I have determined that there is sufficient cause to remove you from your position.
As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States (“Criminal Referral”) (attached to this letter as Exhibit A), there is sufficient reason to believe you may have made false statements on one or more mortgage agreements. For example, as detailed in the Criminal Referral, you signed one document attesting that a property in Michigan would be your primary residence for the next year. Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year. It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both.
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.
This is a perfect example of how laws are used to hurt people you need to hurt, and ignore when convenient.
Yeah whomst amongst us doesn’t buy two houses within two weeks of each other.
I’m just saying the elite typically don’t think twice about this kind of rule-breaking, but it’s only a matter of falling out of favor with someone more powerful.
Now do everyone else in the ruling class!
If he fires Powell the entire economy will collapse. Pretty sure even the billionaires backing him are making sure he doesn’t touch the only guy who understands capitalism
IDK this could be a Chesterton’s fence for the current pack of billionaires.
IDK if that’s actually illegal, the only crime here is being a dirty flip-floper.
