Trump’s secretary threatens director of the fired Fed

United States Secretary of Commerce, Howard Lutnick, said on Tuesday (26.2025) that the director of the Board of Governors of (Federal Reserve, the US Central Bank), should ask “God so that the police will not pick it up.”

“Mrs. Lisa Cook needs to be respectful with the country right now and leave. She must go out and pray, asking God so that the police will not pick her up,” said Lutnick in an interview with CNBC.

Cook was by the US President (Republican) on Monday (25.ago.2025). According to the Republican, there is evidence that she committed mortgage fraud. Cook denied the accusation, stated that Trump has no authority to remove her from office and refused to leave.

Cook’s lawyer Abbe Lowell said. In a statement, said that the president’s measure “It lacks any legal or factual basis”. It is the first time, in 111 years of history, that a president fires a Fed director.

Fed says there is only resignation “for just cause”

In a statement, the Fed stated that its directors have fixed terms of 14 years and can only be dismissed by the president “For just cause”as established by the Federal Reserve Act – Law of 1913 that created the Central Bank.

The institution said that these guarantees are fundamental to preserve the independence of monetary policy.

“Extended mandates and protections against arbitrary removal act as a vital safeguard, ensuring that monetary policy decisions are based on data, economic analysis and long -term interests of the American people.”said the Fed.

Understand

The director of (federal US housing financing agency), said last week on his X profile that Cook had appointed an apartment in Atlanta as his main residence after contracting for his home in Michigan, which would also have been declared as the main residence. Pulce said to CNBC which is also investigating the property that Cook has in Massachusetts.

According to him, the loans are mid-2021, before she is appointed to the former president (Democrat) and confirmed by the Senate the following year.

Laying for main residence may have more favorable conditions than those directed to other homes or investment properties.

Pulte asked the US Attorney General to investigate the case. Trump then went to Cook’s.

Cook was an economy professor at Michigan State University at the time the mortgages were hired.

Trump at Truth Social a letter addressed to Cook in which I formalize the resignation with immediate effects. “There is enough reason to believe that you may have made false statements in one or more mortgage contracts”Wrote the US President.

According to him, the Fed has “huge responsibility to define interest rates” e “The American people must be able to have full confidence in the honesty of the members in charge of defining politics and supervising” o Fed.

“In the light of their misleading and potentially criminal conduct on a financial issue, they cannot, and I have no confidence in their integrity”Trump wrote to Cook.

According to Cook’s lawyer, Abbe Lowell, she was not accused of any crime. In a statement quoted by, he said that dismissal by social networks reveals a reflection of intimidation, but without any proper process, foundation or legal authority.

The lawyer said he will take the necessary measures to prevent the action.

The dismissal of a director or director of the Fed is unprecedented. The case may reach the Supreme Court.

According to CNBCCook’s departure would make room for Trump to indicate a new name aligned with him, which would increase his influence within the Fed, especially in relation to the issue of interest.

Cook’s financial disclosure documents, filed by the Federal Government, show 3 mortgages contracted in 2021, including a 15 -year loan to 2.5% for an investment property and 2 loans for personal residences: a mortgage from 3.25% to 30 years and another from 15 years to 2.875%.

The average weekly rate for loans of 30 years in 2021 ranged from 2.9% to 3.3%, according to data from (Mortgage Bankers Association).