Federal Reserve Governor Lisa Cook says she will not step down after President Donald Trump announced her dismissal Monday.<\/p>\n\n\n\n
\u201cI will not resign. I will continue to carry out my duties to help the American economy,\u201d Cook said, arguing Trump has no legal authority to remove her.<\/p>\n\n\n\n
In a letter, Trump claimed the Federal Reserve Act allows him to fire Cook, citing a DOJ investigation into alleged mortgage fraud.<\/p>\n\n\n\n
\u201cYou signed one document attesting that a property in Michigan would be your primary residence\u2026 Two weeks later, you signed another document for a property in Georgia,\u201d Trump wrote.<\/p>\n\n\n\n
He called her conduct \u201cdeceitful and potentially criminal.\u201d<\/p>\n\n\n\n
This marks the first time a president has tried to fire a Federal Reserve governor, likely setting up a court battle.<\/p>\n\n\n\n
Cook has not been charged with a crime.<\/p>\n\n\n\n
Cook, appointed by Joe Biden in 2022, began her 14-year term in 2024.<\/p>\n\n\n\n
Trump and his allies have pushed for lower interest rates to ease the $37 trillion national debt.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lisa Cook Refuses to Resign Despite Trump\u2019s Firing Attempt Federal Reserve Governor Lisa Cook says she will not step down after President Donald Trump announced her dismissal Monday. \u201cI will not resign. I will continue to carry out my duties to help the American economy,\u201d Cook said, arguing Trump has no legal authority to remove…<\/p>\n","protected":false},"author":2,"featured_media":4375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/horizonvibe.com\/index.php?rest_route=\/wp\/v2\/posts\/4374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/horizonvibe.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/horizonvibe.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/horizonvibe.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/horizonvibe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4374"}],"version-history":[{"count":1,"href":"https:\/\/horizonvibe.com\/index.php?rest_route=\/wp\/v2\/posts\/4374\/revisions"}],"predecessor-version":[{"id":4376,"href":"https:\/\/horizonvibe.com\/index.php?rest_route=\/wp\/v2\/posts\/4374\/revisions\/4376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/horizonvibe.com\/index.php?rest_route=\/wp\/v2\/media\/4375"}],"wp:attachment":[{"href":"https:\/\/horizonvibe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/horizonvibe.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/horizonvibe.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}