Federal Reserve Governor Lisa Cook has responded to President Donald Trump's unprecedented action of removing her from the top post, by refusing to quit.
In a letter to Cook, posted on Truth Social Monday, Trump had said that she has been removed from her position on the Board of Governors, raising concerns over the Federal Reserve's independence. He said there is sufficient cause to remove her from the position alleging that she engaged in mortgage fraud related to the purchase of two properties.
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by Joji Xavier
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