Trump Demands Fed Governor Lisa Cook Resign Over Mortgage Allegations
U.S. President Donald Trump has called for the resignation of Federal Reserve Governor Lisa Cook over alleged mortgage irregularities tied to properties in Michigan and Georgia.
The dispute surfaced after FHFA Director Bill Pulte claimed Cook listed both her Atlanta condo and Michigan home as primary residences—a designation that typically secures more favorable loan terms.
The loans reportedly date back to 2021, before Cook was nominated by President Joe Biden and confirmed by the Senate in 2022. At the time, she was a professor at Michigan State University.
Trump, amplifying the allegations on Truth Social, wrote: “Cook must resign, now!!!”
The Justice Department is said to be taking the matter “very seriously,” according to Reuters.
Cook is one of three Biden-appointed Fed governors whose terms extend beyond Trump’s current presidency, limiting his control over the central bank’s board.
Currently, two of the six sitting governors—Christopher Waller and Michelle Bowman—were appointed by Trump.
Trump has long criticised Fed Chair Jerome Powell, demanding deep interest rate cuts and even his resignation. However, the Fed’s independence prevents Trump from dismissing members for policy differences.
Powell’s term as Chair expires in May 2026, though he could remain on the board as a governor until 2028.
Trump recently gained one opening on the Fed board after Adriana Kugler’s resignation, nominating CEA Chairman Stephen Miran to replace her.
#BreakingNews #Trump #FederalReserve #LisaCook #USPolitics #Economy
U.S. President Donald Trump has called for the resignation of Federal Reserve Governor Lisa Cook over alleged mortgage irregularities tied to properties in Michigan and Georgia.
The dispute surfaced after FHFA Director Bill Pulte claimed Cook listed both her Atlanta condo and Michigan home as primary residences—a designation that typically secures more favorable loan terms.
The loans reportedly date back to 2021, before Cook was nominated by President Joe Biden and confirmed by the Senate in 2022. At the time, she was a professor at Michigan State University.
Trump, amplifying the allegations on Truth Social, wrote: “Cook must resign, now!!!”
The Justice Department is said to be taking the matter “very seriously,” according to Reuters.
Cook is one of three Biden-appointed Fed governors whose terms extend beyond Trump’s current presidency, limiting his control over the central bank’s board.
Currently, two of the six sitting governors—Christopher Waller and Michelle Bowman—were appointed by Trump.
Trump has long criticised Fed Chair Jerome Powell, demanding deep interest rate cuts and even his resignation. However, the Fed’s independence prevents Trump from dismissing members for policy differences.
Powell’s term as Chair expires in May 2026, though he could remain on the board as a governor until 2028.
Trump recently gained one opening on the Fed board after Adriana Kugler’s resignation, nominating CEA Chairman Stephen Miran to replace her.
#BreakingNews #Trump #FederalReserve #LisaCook #USPolitics #Economy
Trump Demands Fed Governor Lisa Cook Resign Over Mortgage Allegations
U.S. President Donald Trump has called for the resignation of Federal Reserve Governor Lisa Cook over alleged mortgage irregularities tied to properties in Michigan and Georgia.
The dispute surfaced after FHFA Director Bill Pulte claimed Cook listed both her Atlanta condo and Michigan home as primary residences—a designation that typically secures more favorable loan terms.
The loans reportedly date back to 2021, before Cook was nominated by President Joe Biden and confirmed by the Senate in 2022. At the time, she was a professor at Michigan State University.
Trump, amplifying the allegations on Truth Social, wrote: “Cook must resign, now!!!”
The Justice Department is said to be taking the matter “very seriously,” according to Reuters.
Cook is one of three Biden-appointed Fed governors whose terms extend beyond Trump’s current presidency, limiting his control over the central bank’s board.
Currently, two of the six sitting governors—Christopher Waller and Michelle Bowman—were appointed by Trump.
Trump has long criticised Fed Chair Jerome Powell, demanding deep interest rate cuts and even his resignation. However, the Fed’s independence prevents Trump from dismissing members for policy differences.
Powell’s term as Chair expires in May 2026, though he could remain on the board as a governor until 2028.
Trump recently gained one opening on the Fed board after Adriana Kugler’s resignation, nominating CEA Chairman Stephen Miran to replace her.
#BreakingNews #Trump #FederalReserve #LisaCook #USPolitics #Economy
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