Fired by Trump, Fed Guv Lisa Cook says she 'won't resign'

  • Posted on August 26, 2025
  • By Business News Today
  • 1 Views
Fired by Trump, Fed Guv Lisa Cook says she 'won't resign'

Lisa Cook refuses to resign after Donald Trump fired her from the Federal Reserve. Cook claims Trump lacks the authority for the dismissal. Trump cited accusations of mortgage irregularities. Legal experts say Fed governors have job security. The move raises concerns about the Fed's independence. Elizabeth Warren called it an illegal power grab. Markets reacted cautiously to the news.
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