US EditionFed’s Cook says she will not be ‘bullied’ into resigning after Trump official accuses her of mortgage fraud
Lisa Cook rejects calls to resign, stating she will respond to legitimate inquiries while Senate Democrats condemn the allegations as politically motivated attempts to influence Federal Reserve independence.
- Federal Reserve governor Lisa Cook late Wednesday said she will not resign after former President Donald Trump called for her departure following Bill Pulte's mortgage fraud allegation on X.
- Bill Pulte alleged Cook claimed two primary residences in Ann Arbor, Michigan and Atlanta, Georgia in 2021 to secure better mortgage terms, urging the Justice Department to investigate and calling it a fireable offense in a letter to Attorney General Pam Bondi.
- Cook was reappointed to a term through 2038 and said she is gathering accurate information to answer legitimate questions about her financial history.
- Senate Democrats, including Sen. Chuck Schumer, expressed support for Cook and criticized President Donald Trump's calls for her resignation, while Federal Reserve officials enjoy legal protection from removal 'for cause' amid administration efforts to increase presidential influence.
- If Trump replaces Cook and Kugler, he gains a clear majority on the Federal Reserve Board of Governors and can replace Chair Jerome Powell in May 2026, shifting Fed leadership.
67 Articles
67 Articles
The accusations against US Federal Banker Lisa Cook are the most recent in a series of attacks by the Trump administration on the Central Bank. The first black woman in the Fed board is confronted with mortgage charges, which she firmly rejects.
Fed’s Cook Says She Won’t Be ‘Bullied’ Into Stepping Down
Federal Reserve governor Lisa Cook on Wednesday said she wouldn't leave her post after President Donald Trump called on her to resign over an accusation from one his officials that she committed mortgage fraud. "I have no intention of being bullied to step down from my ...
Fed governor Lisa Cook says she won’t be ‘bullied’ into resignation after Trump demand
Federal Reserve governor Lisa Cook on Wednesday defied President Donald Trump’s calls for her to resign in light of accusations that she had committed mortgage fraud. Cook was appointed by former President Joe Biden to sit on the Fed, making…
Federal Reserve Governor Lisa Cook announced that she will not resign despite pressure from President Donald Trump, who called for his immediate resignation following allegations of mortgage fraud now under federal review.Read more]]>
Fed governor Lisa Cook says she won't be 'bullied' into resignation after Trump demand
Federal Reserve governor Lisa Cook on Wednesday defied President Donald Trump’s calls for her to resign in light of accusations that she had committed mortgage fraud. Cook was appointed by former President Joe Biden to sit on the Fed, making her one of the 12 people who control the direction of interest rates, which Trump has pressured the central bank for months to lower to no avail. This week, Federal Housing Finance Agency Director Bill Pul…
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