Luxury vessel linked to Alexey Mordashov sails through strategic waterway despite naval restrictions by Iran and the United States The...
Read More
International-News
Trump removes Lisa Cook from the Fed Board: allegations of irregularities
The US president orders the governor’s dismissal ‘with immediate effect’
Donald Trump has announced the immediate removal of Lisa Cook from the Board of Governors of the Federal Reserve, citing alleged irregularities related to mortgage loans. According to the president, there are “sufficient grounds to believe” that the economist made false statements. The announcement came in a letter addressed to Cook and shared by Trump himself on the Truth platform.
The previous announcement
In recent days, the president had anticipated his intentions, openly declaring to the press: ‘I will fire her if she does not resign.’ Cook, appointed in 2022, was the first African-American woman to join the Fed’s Board of Governors.
The legal framework
The removal of a member of the Fed’s Board is only possible for ‘just cause.’ Trump’s decision therefore opens the door to a likely institutional and political clash, as cases of a president firing a Federal Reserve governor are extremely rare in American history.
THE LATEST NEWS
Chernobyl Disaster at 40: Radiation Legacy and New Nuclear Tensions
26 Aprile 2026
The 1986 reactor explosion remains the worst nuclear accident in history, while the site continues to face modern security risks...
Read More
Trump posts suspect image after Washington shooting arrest
26 Aprile 2026
President says attacker acted alone; FBI urges public to share information as investigation expands. Donald Trump shared on Truth Social...
Read More
US Special Forces Soldier Arrested Over Maduro Operation Insider Trading Scheme
24 Aprile 2026
Federal prosecutors say the servicemember used classified intelligence tied to “Operation Absolute Resolve” to place high-stakes bets on Polymarket, netting...
Read More
Mojtaba Khamenei seriously injured in Israeli strike on residence compound
23 Aprile 2026
The Supreme Leader’s son, Mojtaba Khamenei, sustained severe injuries in an Israeli attack on his residential complex on February 28,...
Read More
Kratom boom raises alarm as poison center cases surge in the US
23 Aprile 2026
Study finds 65-fold increase in exposures and growing number of severe medical outcomes linked to plant-based psychoactive substance A plant-derived...
Read More
(Photo: © AndKronos)
