Overview

• The president posted a signed White House letter on Truth Social announcing Cook’s immediate dismissal from the Federal Reserve Board.
• The action relies on accusations from FHFA director Bill Pulte that Cook falsified loan and property records, including declaring two primary residences.
• Cook denies wrongdoing, says the loans predate her Fed tenure, and vows not to resign as she contests the dismissal.
• Legal analysts say the challenge could keep her in the job during litigation, and the Fed has not commented publicly.
• Trump’s move escalates his pressure on Jerome Powell to cut interest rates and drew sharp criticism from Democrats, including Senator Elizabeth Warren.