Lisa Cook became the first to feed on the ruler to remove it by the president

president Donald Trump On Monday, the governor of the Federal Reserve, Lisa Cook, allegedly lied to mortgage models by announcing two initial housing.

In a cooking message, Trump said Federal Reserve ACT states that it can be removed at its discretion.

As shown in the criminal referral dated August 15, 2025, from Mr. William J. Bolti, Director of the Federal Housing Finance Agency, to Mrs. Pamela Bondi, the US Prosecutor … There is a sufficient reason for the belief that you may have made wrong statements about the mortgage agreements or more, “Trump wrote. For example, as detailed in criminal referral, I have registered one document that attests to the fact that a property in Michigan will be your basic residence for the next year.

“Two weeks later, another real estate document signed in Georgia stating that your main residence will be for the next year,” Trump continued. “It is unreasonable that you were not aware of your first commitment when making the second. It is impossible to intend to honor the two.”

Trump calls for the resignation of the Federal Reserve Governor as a request for an investigation ally

Trump wrote that the Federal Reserve has a “tremendous responsibility” to determine interest rates and bank organization.

He added that the Americans must have complete confidence in the sincerity of those who have put politics and supervision of the federal reserve.

“In light of your deceptive behavior and a possible sewage on a financial issue, they cannot, and I have no confidence in your integrity,” Trump wrote. “At least, the behavior in question shows a kind of serious neglect of financial transactions that question your efficiency and a merit of confidence as a financial regulator.”

And he concluded that she was immediately removed from his position.

The Federal Reserve Chairman refers to the labor market in the Federal Reserve in the labor market

Cook was not accused of any crime.

Fox Business has communicated with the Federal Reserve to comment regarding the removal of Cook.

Trump threatened to remove cooking from her role on Friday because she faces fraud allegations in the mortgage that is under investigation by the Ministry of Justice (Doj). The investigation arose through a criminal referral submitted by Pulte, a strong ally of Trump and federal reserve critic.

“I will expel it if you don’t resign,” Trump told reporters on Friday. “What I did was bad.”

Federal Reserve preparations show the tariff of inflation fears outperform the job market in July.

Pulte sent his referral to the Ministry of Justice on Wednesday and accused it of “fake banking documents and property records to obtain more appropriate loan conditions, and may be committed by mortgage fraud under the criminal statute.”

Under the federal law governing the Federal Reserve, the president can only remove the sitting ruler ForWhich was historically explained as applying to violations or misconduct, rather than political differences.

The president’s procedure to remove cooking from its role is the first time in the date in which the president tried to remove the Federal Reserve Governor sitting, and this may lead to a legal battle.

The President and his allies have repeatedly urged Federal Reserve points to reduce interest rates in an attempt to enhance the economy and reduce the cost of US National Debt service that exceeds $ 37 trillion, although Trump has retracted the threats of previous shooting at the Federal Reserve Speaker Jerome Powell.

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Cook was appointed to the Federal Reserve by the President Joe Biden In 2022, it was confirmed by the Senate by voting a party of 51-47 in September 2023. Its term was operated as the Federal Reserve Right from 2024 to 2038.

Eric Rafeel in Fox Business contributed to this report.