US Edition
Trump Calls for Fed Governor Lisa Cook to Resign After Accusation of Mortgage Fraud
Federal Housing Finance Agency Director Bill Pulte referred Lisa Cook to the Justice Department over alleged mortgage fraud involving two homes, amid political pressure for Federal Reserve rate cuts.
- On Wednesday, President Donald Trump demanded that Lisa Cook, a Federal Reserve governor, step down amid accusations of mortgage fraud.
- The allegations surfaced after Bill Pulte, head of the Federal Housing Finance Agency and a strong supporter of Trump, requested that Attorney General Pam Bondi look into Cook's activities on August 15.
- Pulte alleged Cook obtained two mortgages—$203,000 on a Michigan home and $540,000 on a Georgia property—while claiming both as primary residences though the Georgia home was reportedly listed for rent.
- For months, Trump has insisted that the Federal Reserve lower its key short-term interest rate, currently near 4.3%, arguing that this would decrease the government's $37 trillion borrowing expenses and stimulate the housing sector through lower mortgage rates.
- The Federal Reserve has not provided any remarks on the matter, no formal charges have been initiated, and it is still uncertain if Bondi will pursue an investigation, underscoring the ongoing legal ambiguity amid political scrutiny.
140 Articles
140 Articles
Trump Says Fed Governor 'Must Resign'
President Trump is calling for the resignation of a governor of the Federal Reserve after the director of the Federal Housing Finance Agency accused her of mortgage fraud. "Cook must resign, now!!!" Trump posted Wednesday on Truth Social , referencing a Bloomberg story about Fed governor Lisa Cook. What's to know:...
The Washington Hispanic
focoinformativo.siteUS President Donald Trump called on Lisa Cook, one of the Federal Reserve (Fed) leaders, to resign on Wednesday through a message on his Truth Social network. Trump thus increases pressure on an institution that considers it too reluctant to support its economic policy by not lowering its interest rates. According to the head of the Housing Financing Agency (FHFA), Bill Pulte, appointed by Trump, Cook would have "falsified bank documents and pro…
The Fed and some of its top currency keepers are among the regular targets of US President Donald Trump's verbal attacks, because they act differently in terms of interest rates than he wanted. Trump now joins serious allegations against Fed Governor Lisa Cook.
ABC FOX Montana
Trump raises pressure on central bank, calls for Fed governor to resign
President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve Governor Lisa Cook to step down -- after his recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.
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