Trump’s Attempt to Fire Fed Governor Is More Terrifying Than It Seems
Trump’s move isn’t just completely unprecedented. It also reveals how Trump is using a federal agency to conduct his witch hunt.

Donald Trump’s move to fire Federal Reserve Governor Lisa Cook for unproven allegations of mortgage fraud is unprecedented. It also raises the troubling likelihood that the administration is using a federal agency to make its way through an enemies list.
In a shocking instance of presidential meddling with the central bank, Trump on Monday announced that he was removing Cook, the first Black woman on the Federal Reserve board, for cause. Cook, for her part, refused to step down and responded with a statement: “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said. “I will not resign.”
As Georgetown Law professor Adam J. Levitin wrote Monday at the blog Credit Slips, it’s far from clear that the allegations against Cook (of misconduct unrelated to the carrying out of her duties) can even constitute “cause.” The accusations are also quite flimsy.
But what may be most notable is how the attempted firing of Cook came about. The allegations of mortgage fraud were laid out by Bill Pulte, the MAGA director of the Federal Housing Finance Agency, who claimed Cook declared two primary residences.
As Levitin observed in an earlier post calling for Pulte’s resignation, it’s unlikely that the FHFA head just happened upon the alleged fraud “in some routine audit or the like.” Rather, he wrote, Pulte likely directed Fannie Mae or Freddie Mac “to pull her application”—an unheard-of move.
Taken with the Trump administration’s evidently politically motivated mortgage fraud claims against Senator Adam Schiff and New York Attorney General Letitia James, Cook’s corrupt firing raises the troubling possibility that Pulte is working through a list à la Richard Nixon’s list of political enemies to be targeted by the Internal Revenue Service.
“Unless Pulte somehow had particular knowledge about issues with Cook’s application, which is unlikely, then one has to conclude that Pulte handed Fannie and Freddie a list of political enemies and asked for their loan files for review,” Levitin wrote. “That’s got to be how the DOJ indictment of Senator Adam Schiff and NY Attorney General Letitia James arose too.”