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.

President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said.