President Trump announced he’s removing the Biden-appointed Fed Governor over alleged mortgage fraud, though critics say the move is politically motivated.

President Donald Trump has fired Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.

Federal Reserve Governor Lisa Cook said that she “will not resign” after Donald Trump said he would fire her “effective immediately,” as the president escalates his attacks against the central bank. In a letter to Cook posted to social media by the White House on Monday evening,