President Donald Trump got the chance to name a new Federal Reserve governor after Democratic appointee Adriana Kugler unexpectedly resigned earlier in the month.

It seems that Trump will have the opportunity to make one more appointment after he sent another Federal Reserve governor packing this week. 

Biden-appointed Fed official is facing allegations of mortgage fraud

According to Breitbart, the president sent a letter to Federal Reserve Governor Lisa Cook on Monday announcing her termination for cause.

Trump's move came following allegations raised by Federal Housing Finance Agency head Bill Pulte that Cook had committed mortgage fraud by listing two separate homes as her primary residence.

The Hill noted that in his report, Pulte included photographs which allegedly showed Cook's signature on documents relating to a home in Michigan as well as another residence that was described as an "Atlanta condo."

Meanwhile, the website recalled how Trump has frequently clashed with Federal Reserve Chairman Jerome Powell and some governors over their refusal to cut interest rates.

Trump cites Cook's "deceitful and potentially criminal conduct"

"I have determined that there is sufficient cause to remove you from your position," the president wrote in his dismissal letter to Cook.

"The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve and member banks," Trump asserted.

🚨 President Donald J. Trump relieves Federal Reserve Governor Lisa Cook of her position pic.twitter.com/tJV8m4mlHW

— Rapid Response 47 (@RapidResponse47) August 26, 2025

BREAKING: SHE'S FIRED - Trump Sent Her PACKING

"The American people must be able to have full confidence in the honesty of the members entrusted with setting policy and overseeing the Federal Reserve," he stressed.

"In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity," the president went on to add.

Cook refused to step down, said she would not be "bullied" by Trump

Breitbart pointed out that Cook initially refused to resign from her appointment despite being asked to do so by the president.

The Federal Reserve governor declared in a statement of her own that she would not be "bullied to step down from my position because of some questions raised in a tweet."

"I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts," Cook insisted.