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US President Donald Trump has ordered the removal of Federal Reserve Governor Lisa Cook, accusing her of providing false information on mortgage loan documents. Trump claimed that Cook falsely declared two separate properties—one in Michigan and another in Georgia—as her primary residence within weeks of each other. “It is hard to believe you were unaware when signing the second document,” Trump wrote. The unprecedented move marks the first time in the Federal Reserve’s 111-year history that a board member has been dismissed in such a manner. Trump has recently intensified pressure on the Fed, particularly Chairman Jerome Powell, accusing the central bank of reluctance to lower interest rates.

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