Lisa Cook, the first Black woman on the Federal Reserve’s Board of Governors, is facing a new challenge from President Trump. In 2022, she was nominated by President Biden and confirmed after a contentious process. However, Trump is now trying to force her out of her job, accusing her of falsifying bank records. The Fed has released a statement supporting Cook, who says she will provide accurate information to answer any legitimate questions.
Source: https://www.nytimes.com/2025/08/23/business/lisa-cook-fed-trump.html