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Trump says he is firing Fed governor Lisa Cook ‘effective immediately’

Move against policymaker sharply escalates US president’s attacks on central bank

Donald Trump said he was firing Federal Reserve governor Lisa Cook “effective immediately”, in a stunning escalation of his attacks on the US central bank.

In a letter to Cook posted on social media on Monday night, Trump said there was “sufficient reason” to believe she had made false statements on mortgage agreements, giving him cause to fire her.

The president cited his powers under the country’s constitution to sack the official.

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