Lisa Cook

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On August 15, 2025, Federal Housing Finance Agency director Bill Pulte accused Cook of mortgage fraud, saying she claimed two different homes as her main residence in 2021 to get better loan terms. Pulte said he submitted a criminal referral to the Department of Justice. [29] Pulte had already made similar accusations against two other political adversaries of President Donald Trump, namely New York attorney general Letitia James and Senator Adam Schiff. [30]

On August 20, Trump posted on Truth Social calling for Cook's resignation. [31] Later that day, Cook rejected the demand, saying she would not be pressured to leave her post over "some questions raised in a tweet" and promised "to take any questions about [her] financial history seriously as a member of the Federal Reserve". [32]

On August 25, President Trump announced that he fired Cook, ostensibly for cause. [33] [34] In a response, Cook said "President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so." Cook's attorney, Abbe Lowell, said that: "President Trump has taken to social media to once again 'fire by tweet' and once again his reflex to bully is flawed and his demands lack any proper process, basis or legal authority ... We will take whatever actions are needed to prevent his attempted illegal action". [35] In the Federal Reserve's 112 years of operation, the attempted firing of Cook is the first time a president has attempted to fire a governor. [36]

On August 28, Lisa Cook filed a lawsuit against President Trump over the decision to fire her arguing that the White House has no authority to order the dismissal. [37] [38]

Selected works

References

  1. ↑ Ward, Kim (January 12, 2022). "MSU's Lisa Cook elected to Federal Reserve Bank of Chicago board". MSUToday. Michigan State University. Retrieved January 13, 2022.
  2. ↑ Lisa D. Cook, Federal Reserve Board of Governors
  3. 1 2 "American Economic Association". www.aeaweb.org. Retrieved January 16, 2020.
  4. 1 2 3 4 Hired Pen, Inc. "Committee on the Status of Minority Groups in the Economics Profession Profiles: Lisa D. Cook, Michigan State University". American Economic Association. Retrieved January 16, 2020.
  5. 1 2 "Lisa Cook". Equitable Growth. Retrieved January 16, 2020.
  6. ↑ Casselman, Ben; Tankersley, Jim (June 10, 2020). "Economics, dominated by white men, is roiled by Black Lives Matter". The New York Times.
  7. ↑ Franck, Thomas (January 14, 2022). "Biden to nominate Sarah Bloom Raskin as vice chair for supervision at Fed; Lisa Cook and Philip Jefferson as governors". CNBC. Retrieved January 14, 2022.
  8. ↑ Lane, Sylvan (May 23, 2022). "Biden's Fed nominees sworn into office". The Hill. Retrieved May 23, 2022.
  9. ↑ Buchwald, Elisabeth; Mena, Bryan (August 25, 2025). "Trump says he has fired Fed governor Lisa Cook. She says she will 'continue to carry out' duties". CNN Business. Retrieved August 26, 2025.
  10. ↑ Basken, Paul (October 14, 2021). "Interview with Lisa Cook". Times Higher Education. Retrieved October 12, 2023.
  11. 1 2 3 Khang, Hyun-Sung (December 2020). "The Accidental Economist: Lisa D. Cook of Michigan State University". Finance & Development. International Monetary Fund. pp. 48–51. Retrieved October 12, 2023.
  12. 1 2 3 Duffin, Karen; Childs, Mary (June 12, 2020). "Patent Racism". Planet Money (Podcast). NPR. Retrieved June 13, 2020.
  13. ↑ Hasenstab, Maria (February 20, 2019). "Mount Kilimanjaro and Becoming an Economics Professor". Women in Economics (Podcast). Federal Reserve Bank of St. Louis. Retrieved October 12, 2023.
  14. 1 2 Cook, Lisa DeNell (1997). Three essays on internal and external credit markets in post-Soviet and Tsarist Russia (PhD dissertation). University of California, Berkeley. OCLC   931666108. ProQuest   304344980.
  15. ↑ Cook, Lisa D. (2014). "Violence and Economic Activity: Evidence from African American Patents, 1870–1940". Journal of Economic Growth . 19 (2): 221–257. doi:10.1007/s10887-014-9102-z. S2CID   153971489.
  16. ↑ Cook, Lisa D. (2012). "Converging to a National Lynching Database: Recent Developments and the Way Forward". Historical Methods: A Journal of Quantitative and Interdisciplinary History. 45 (2): 55–63. doi:10.1080/01615440.2011.639289. S2CID   154428680.
  17. ↑ Bhattacharya, Jhumpa (November 1, 2019). "Episode 27: Dr. Lisa D. Cook and Anna Gifty Opoku-Agyeman". Hidden Truths (Podcast). Oakland, California, USA: Insight Center for Community Economic Development. Retrieved December 29, 2019.
  18. ↑ "Agency Review Teams". President-Elect Joe Biden. Retrieved November 10, 2020.
  19. ↑ Franck, Thomas; Wilkie, Christina (May 21, 2021). "Key Senate Dem's choice for Fed board is an economist who would be the first Black woman to serve in that role". CNBC. Retrieved October 2, 2021.
  20. ↑ White House Office of the Press Secretary (January 14, 2022). "President Biden Nominates Sarah Bloom Raskin to Serve as Vice Chair for Supervision of the Federal Reserve, and Lisa Cook and Philip Jefferson to Serve as Governors" (Press release). Retrieved March 17, 2022.
  21. 1 2 Rugaber, Christopher (March 29, 2022). "Senate advances Fed nominee Lisa Cook on party-line vote". Associated Press.
  22. ↑ "PN1679 — Lisa DeNell Cook — Federal Reserve System 117th Congress (2021–2022)". US Congress. Retrieved March 17, 2022.
  23. ↑ Lane, Sylvan (March 16, 2022). "Senate panel advances Biden Fed nominees to confirmation votes". The Hill. Retrieved March 17, 2022.
  24. ↑ Roll call vote 110 , via Senate.gov
  25. ↑ Chasmar, Jessica (February 1, 2022). "Biden Fed nominee's old tweets show she's 'hyper-partisan,' Republicans say". Fox Business .
  26. ↑ Siegel, Rachel (May 10, 2022). "Economist Lisa Cook to become first Black woman on Fed board". Washington Post. ISSN   0190-8286 . Retrieved May 11, 2022.
  27. ↑ White House Office of the Press Secretary (May 12, 2023). "President Biden Announces Nominees to the Federal Reserve Board of Governors" (Press release). Retrieved February 2, 2024.
  28. ↑ "PN644 — Lisa DeNell Cook — Federal Reserve System 118th Congress (2023–2024)". US Congress. September 6, 2023. Retrieved February 2, 2024.
  29. ↑ "Trump says Fed Governor Lisa Cook 'must resign' after William Pulte alleges mortgage fraud". NBC News. August 20, 2025. Retrieved August 21, 2025.
  30. ↑ Nguyen, Danny (August 21, 2025). "Meet the Trump housing official leading probes into the president's foes". POLITICO. Retrieved August 26, 2025.
  31. ↑ "President Steps Up Attack on Fed as He Demands a Governor Resign". August 20, 2025. Retrieved August 21, 2025.
  32. ↑ Mena, Bryan (August 20, 2025). "Trump is pressuring yet another top Fed official to resign, but she says she won't be 'bullied' | CNN Business". CNN. Retrieved August 21, 2025.
  33. ↑ Horsley, Scott (August 25, 2025). "Trump seeks to fire Fed governor Lisa Cook". NPR. Retrieved August 26, 2025.
  34. ↑ Mena, Elisabeth Buchwald, Bryan (August 26, 2025). "Lisa Cook: Trump says he has fired Fed governor, escalating his battle against the central bank | CNN Business". CNN. Retrieved August 26, 2025.{{cite web}}: CS1 maint: multiple names: authors list (link)
  35. ↑ Doherty, Erin; Mangan, Dan (August 25, 2025). "Trump tells Fed's Lisa Cook she's fired; she says 'he has no authority to do so'". CNBC. Retrieved August 26, 2025.
  36. ↑ Rugaber, Christopher (August 28, 2025). "Federal Reserve Governor Lisa Cook sues the Trump administration to overturn her firing". Associated Press . Retrieved August 28, 2025.
  37. ↑ "Fed Governor Lisa Cook Sues Trump Over Dismissal". August 28, 2025. Retrieved August 28, 2025.
  38. ↑ "Read Lisa Cook's Lawsuit". The New York Times. August 28, 2025. ISSN   0362-4331 . Retrieved August 29, 2025.
Lisa Cook
Lisa D. Cook, Federal Reserve Governor.jpg
Official portrait, 2022
Member of the Federal Reserve Board of Governors
Disputed
Assumed office
May 23, 2022
Disputed: August 25, 2025 – present*
Government offices
Preceded by Member of the Federal Reserve Board of Governors
2022–2025
Disputed		Vacant
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