Dollar Slides as Trump Fires Fed Governor Lisa Cook

President Trump has fired Federal Reserve Governor Lisa Cook, citing alleged improprieties in her mortgage applications, in a stunning escalation of his campaign against the independence of the U.S. central bank. In a letter posted late Monday, Trump told Cook she was being removed “effective immediately,” arguing there was “sufficient reason” to believe she had falsified mortgage documents when purchasing homes in Michigan and Georgia in 2021. Trump invoked both the U.S. Constitution and the Federal Reserve Act, which allows…