Lisa Cook is preparing to file a lawsuit after President Trump fired her as Federal Reserve Governor.
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.
Special Prosecutor Ed Martin is currently investigating Lisa Cook for mortgage fraud and falsifying bank statements.
According to housing regulator Bill Pulte’s criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsifying bank statements when she designated her out-of-state Atlanta condo as her “primary residence”—just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
By claiming “primary residence” on her out-of-state condo, Lisa Cook received more favorable loan terms and a lower interest rate.
Bill Pulte dropped more receipts on Friday morning.
“We have obtained a document Lisa Cook submitted to the U.S. Government while serving as Federal Reserve Governor. In it, on February 28, 2023, she represents to the U.S. Government that the Atlanta Property is her PERSONAL RESIDENCE,” Pulte said.
“However, Lisa Cook, as a then-sitting Fed Governor and six months earlier, on September 1, 2022, appears to have listed that same property for RENT,” Pulte added.
We have obtained a document Lisa Cook submitted to the U.S. Government while serving as Federal Reserve Governor. In it, on February 28, 2023, she represents to the U.S. Government that the Atlanta Property is her PERSONAL RESIDENCE.
However, Lisa Cook, as a then-sitting Fed… pic.twitter.com/clclhtag9O
— Pulte (@pulte) August 22, 2025
On Tuesday, Lisa Cook’s attorney Abbe Lowell (who also served as Hunter Biden’s lawyer) said he will be filing a lawsuit to challenge Trump’s firing.
CNBC reported:
Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her attorney said Tuesday.
“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement, a day after Trump cited allegations of mortgage fraud by Cook in firing her.
“His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis,” Lowell said.
“We will be filing a lawsuit challenging this illegal action.”
The Federal Reserve’s media office, in a statement later Tuesday, said, “Congress, through the Federal Reserve Act, directs that governors serve in long, fixed terms and may be removed by the president only ‘for cause.’ ”
“As always, the Federal Reserve will abide by any court decision,” the statement said.
Fox News’s Jesse Watters unearth video of Lisa Cook calling President Trump a “dictator.”
WATCH:
JUST IN: It’s being exposed that Democrat Fed Governor Lisa Cook is hardcore DEI, and is very obsessed with pronouns and calling Trump a “dictator.” She’s been referred for mortgage fraud and is REFUSING to be fired by President Trump.
JESSE WATTERS: “The DEI holdout isn’t… pic.twitter.com/Y1AkixNhwX
— Eric Daugherty (@EricLDaugh) August 27, 2025
