President Trump said late Monday he has removed Federal Reserve Governor Lisa Cook from her post, following through on a threat to oust her if she refused to resign. The decision comes after members of his administration alleged Cook engaged in mortgage fraud related to the purchase of two properties earlier this decade. "You are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately," the president wrote in a letter addressed to Cook and shared on social media. "I have determined there is sufficient cause to remove you from your position." Trump said Cook made ... (full story)