President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first such instance in the central bank’s 111-year history.

Trump cited a "criminal referral" from Federal Housing Finance Agency Director William Pulte against Cook, the first Black woman to serve on the Federal Reserve Board.

President Donald Trump says he's firing Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from