Federal Reserve Chairman Jerome Powell is continuing to allow Lisa Cook to have access to her office and electronics despite President Trump ordering her firing.
President Trump on Monday evening fired Biden-appointed Federal Reserve Governor Lisa Cook amid mortgage fraud allegations.
“Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately,” President Trump wrote in a letter to Lisa Cook.
“I have determined that there is sufficient cause to remove you from your position,” Trump added as he cited housing regulator Bill Pulte’s criminal referral on Lisa Cook for mortgage fraud – specifically occupancy fraud.
Lisa Cook later in the week filed a lawsuit to block President Trump from firing her.
In the meantime, Jerome Powell is allowing Lisa Cook to have access to her office and electronics as if she hasn’t been fired.
CNBC reports that Jerome Powell has continued to let Lisa Cook have access to her office and electronics, despite the President of the United States ordering her firing.
— Pulte (@pulte) August 29, 2025
