Who is Lisa Cook, Fed's first African-American women's earner and why Trump fired her?

US President Donald Trump dismissed Lisa Cook, the first African American woman to have served as a Governor of the Federal Reserve, for mortgage fraud. Trump said on his truth social account on Monday: “I have determined that there is sufficient reason to remove you from your position.” On August 20, President Cook asked to resign after allegations by William Pulte, the US director of the federal housing financing agency appointed by Trump, that she falsely claimed two mortgages as her primary residences. The Justice Department said it was investigating the issue. In the midst of all the allegations of mortgage fraud, here is all you need to know about Lisa Cook – who is Lisa Cook? Before serving in the Federal Reserve Board, Cook learned economics and international relations at Michigan State University. Between 2018 and 2021 she directed the American Economic Association Summer Training Program. In addition, she was a research fellow at the National Bureau or Economic Research. Previously, Lisa was at the faculty of the Kennedy School of Government of Harvard University. During her time in Harvard, Dr. Cook also served as Deputy Director for Africa Research at the Center for International Development. Previously, she was a national fellow at Stanford University. From 2011 to 2012, Dr. Cook served under President Barack Obama as senior economist in the Council of Economic Advisors. From 2000 to 2001, she was a senior finance and development advisor in the US Department of the Treasury’s Office for International Affairs. Dr Cook received a BA in philosophy from GameMan College. As a Marshall scholar, she received a second BA in philosophy, politics and economy at the University of Oxford. She earns a PhD in economics at the University of California, Berkeley. On May 23, 2022, Lisa D. Cook appointed the Council of Governors of the Federal Reserve System to fill an unexpected term that ended on January 31, 2024. She was re -appointed on September 8, 2023 and swore on September 13, 2023 for a term ended 31 January 2038.