US EditionWhat Is the Mortgage Fraud Lisa Cook Is Accused Of?
The Trump administration challenges a court order protecting Federal Reserve Governor Lisa Cook from dismissal amid unproven mortgage fraud accusations linked to three home loans, officials said.
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What Is the Mortgage Fraud Lisa Cook Is Accused Of?
On Aug. 25, President Donald Trump moved to fire Federal Reserve Governor Lisa Cook following a claim by a top administration official that she may have engaged in so-called mortgage occupancy fraud by falsely labeling a secondary home as her primary residence to get better loan terms.
Powell declines to weigh in on Lisa Cook’s high-stakes court fight with Trump
Federal Reserve Chairman Jerome Powell declined Wednesday to comment on the ongoing legal battle between Federal Reserve Governor Lisa Cook and the Trump administration over her role at the central bank."I see it as a court case that it would be inappropriate for me to comment on," Powell said when asked at the conclusion of the two-day Federal Open Market Committee (FOMC) meeting.The Federal Reserve has previously acknowledged the potential leg…
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