Trump Calls for Fed Governor Lisa Cook to Resign After Accusation of Mortgage Fraud
- On August 20, 2025, President Donald Trump called for Federal Reserve Governor Lisa Cook to step down amid accusations of mortgage fraud in Washington, D.C.
- The allegations arose from a Federal Housing Finance Agency criminal referral claiming Cook designated two properties as her primary residence to obtain favorable loans.
- Cook, appointed by President Biden in 2022 and confirmed in 2023, denied wrongdoing and vowed to respond thoroughly to the claims while refusing to resign.
- Bill Pulte, FHFA director, said Cook appeared to have falsified bank documents, posting, "Lisa Cooked is cooked," and Trump declared, "Cook must resign, now!!!" on social media.
- The move fits a broader Trump campaign pressuring the Federal Reserve and seeking to replace Cook to shift monetary policy amid tensions with Chairman Powell.
147 Articles
147 Articles

Trump raises pressure on Fed with call for governor to resign
President Donald Trump ramped up pressure on the US central bank Wednesday with a call for Federal Reserve Governor Lisa Cook to step down, as he repeatedly criticizes Fed Chair Jerome Powell for not lowering interest rates.
Trump demands former MSU professor resign from federal reserve board
Dr. Lisa Cook, the first woman of color to sit on the Federal Reserve Board of Governors, speaks at Michigan State University's undergraduate commencement ceremony on May 5, 2023. Cook highlighted the challenges the graduating class of 2023 have faced, including the COVID-19 pandemic and the Feb. 13 mass shooting on campus, but encouraged the graduates to savor moments of joy. (Andrew Roth/Michigan Advance)President Donald Trump is calling for t…
Trump Raises Pressure, Calls For Federal Reserve Governor To Resign
US President Donald Trump called Wednesday for Federal Reserve Governor Lisa Cook to step down, expanding pressure on the central bank after recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.
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