#TrumpFiresFedGovernorCook
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Trump removed the Federal Reserve governor, Lisa Cook, citing allegations of mortgage fraud.
The president commented on the removal of the Federal Reserve governor.
Trump said there are sufficient reasons to believe that Cook made "false statements" in one or more mortgage agreements.
Presidents can only remove a Federal Reserve official "for cause," which has historically been understood as misconduct or dereliction of duty.
Trump has complained for months that the Fed chairman, Jerome Powell, has not lowered interest rates.