US EditionTrump 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.
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Michigan AdvanceTrump demands former MSU professor resign from federal reserve board
Updated, 6:35 p.m., 8/20/25 President Donald Trump is calling for the resignation of Federal Reserve Governor Lisa Cook, following allegations of mortgage fraud raised by a member of his administration. Federal Housing Finance Agency Director Bill Pulte made a criminal…
Trump Demands Fed Governor Lisa Cook Resign Amid Mortgage Fraud Allegations
Federal Housing Finance Agency Director refers Cook to DOJ, while the administration continues to pressure the Federal Reserve on interest rates President Donald Trump has publicly called for the resignation of Federal Reserve Board of Governors member Lisa Cook, following a criminal referral to the Department of Justice (DOJ) by Federal Housing Finance Agency (FHFA) […] Trump Demands Fed Governor Lisa Cook Resign Amid Mortgage Fraud Allegations
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