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International Business Times UK
International Business Times UK
World
Martin Toledo

Was Lisa Cook Unfairly Targeted? Trump Fires First Black Woman on Fed Board Over Fraud Claim

Donald Trump (Credit: Gage Skidmore/Flickr)

America was rocked on Tuesday after Donald Trump took the unprecedented step of sacking Federal Reserve Governor Lisa Cook, accusing her of falsifying mortgage documents.

The shock dismissal marks the first time in the Fed's 111-year history that a sitting governor has been removed by a president, triggering a political storm in Washington and rattling global markets.

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