U.S. President Trump Dismisses Federal Reserve Board Member Lisa D. Cook

According to PANews, U.S. President Donald Trump has announced the immediate dismissal of Federal Reserve Board member Lisa D. Cook. This decision was made under the authority of Article II of the U.S. Constitution and the Federal Reserve Act, amended in 1913. The dismissal stems from allegations of providing false information in mortgage agreements. A criminal referral report submitted by the Federal Housing Finance Agency on August 15 highlighted that Cook declared properties in Michigan and Georgia as her primary residences in two separate documents. These actions have been deemed fraudulent and potentially criminal, raising concerns about her integrity and competence as a financial regulator.