Trump fires US central bank governor Lisa Cook - But she says she won't leave the office
Federal Reserve Governor Lisa Cook attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium, "Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy" in Jackson Hole, Wyoming, U.S., August 23, 2025. PHOTO/ REUTERS
Long feared as a move that would tip global financial markets into disarray, Trump's announcement late Monday that he would remove Cook immediately over questions raised over mortgages she took out before she joined the Fed was met with a muted response on Tuesday
