Trump has removed Federal Reserve governor Lisa Cook over mortgage fraud allegations, a move that gives him greater control over the central bank and its policies.

President Trump said Monday he has fired Lisa Cook from the Federal Reserve's Board of Governors — a dramatic move after months of public attacks against the central bank.

President Donald Trump fired Federal Reserve Governor Lisa Cook late Monday, a sharp escalation in his battle to exert greater control over what has long been considered an institution independent from day-to-day politics.