Transcript
Sue Guzman (0:02)
A Federal Reserve governor removed. I'm Sue Guzman, Fox News. President Trump says he is firing a Federal Reserve Board member amid allegations of mortgage fraud. Fox's Kristin Goodwin is more In a.
Kristin Goodwin (0:15)
Letter shared to Truth Social, President Trump says he's removing Federal Reserve Governor Lisa Cook from her position effective immediately. He cites a criminal referral from Bill Pulte, the director of the Federal Housing Finance Agency, who has claimed Cook falsified bank documents and property records alleging she claimed two different property were her primary residences when obtaining mortgages in 2021. In the letter addressed to Cook, the president explains, in light of your deceitful and potentially criminal conduct in a financial matter, I do not have such confidence in your integrity. Cook was appointed by former President Biden and has been serving a term that ends in 2038. Kristen Goodwin, Fox News.
Sue Guzman (0:53)
Cook, in a statement, says she will not step down, saying President Trump does not have the authority to remove her. The Federal Reserve is set up to operate independent of the White House. An army veteran was detained outside of the White House accused of burning an American flag. Not long after President Trump signed executive orders yesterday cracking down on people who desecrate and burn the American flag. The president mandating they face prosecution.
President Donald Trump (1:17)
When you burn the American flag, it incites riots at levels that we've never seen before. People go crazy in a way, both ways. There are some that are going crazy for doing it. There are others that are going to angry angry about them doing it.
Sue Guzman (1:33)
The order instructs the attorney general to vigorously prosecute people who desecrate the flag. The Supreme Court has already ruled that flag burning is a form of protected speech under the First Amendment. And the House Oversight Committee has subpoenaed Jeffrey Epstein's estate demanding documents that could shed light on his connections and possible misconduct by prosecutors be made available. Lawmakers are seeking answers. America is listening to Fox News.
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