Trump says Fed governor Cook 'must resign'
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Bill Pulte, the director of the Federal Housing Finance Agency, has accused Fed governor Lisa Cook of mortgage fraud again. Shortly after 9:30 a.m. on Friday, the Trump appointee posted what he described as “new evidence in the Cook matter” on his X account.
A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell.
A top Justice Department official on Thursday called for the head of the Federal Reserve to remove an official from its board, the day after President Donald Trump also demanded action over allegations of mortgage fraud.
The president’s calls for Lisa Cook, a Fed governor, to resign are diverting attention from economic issues as top central bankers from around the world gather in Jackson, Wyo.