US President Donald Trump said on Monday he would immediately remove Federal Reserve governor Lisa Cook from her position on the central bank's board of directors.
In an announcement made on his social media platform Truth Social, Trump posted a letter addressed to Cook in which he informed her of his decision and accused her of making "deceitful and potentially criminal" mortgage agreements.
Neither Cook or the Fed has commented on the sacking.
Trump has put increasing pressure on the Fed - especially its chair Jerome Powell - in recent weeks over what he sees as the US central bank's unwillingness to lower interest rates. He has repeatedly floated the possibility of firing Powell.
According to Trump's letter, Cook signed one document attesting that a property in Michigan would be her primary residence for the next year.
