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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Why does an independent Fed matter? Just look at Ronald Reagan's economy with Paul Volcker hiking rates to nearly 20%
President Donald Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington. Federal Reserve governor Lisa Cook says she won’t leave her post. Trump has repeatedly attacked the Fed’s chair, Jerome Powell, for not cutting its short-term interest rate, and even threatened to fir…
Trump Demands Federal Reserve Member Resignation as DOJ Investigates Mortgage Fraud
President Donald Trump is continuing to ramp up pressure on the Federal Reserve, ordering one of the central bank's board members, Lisa Cook, to resign over alleged mortgage fraud. The post Trump Demands Federal Reserve Member Resignation as DOJ Investigates Mortgage Fraud appeared first on Slay News.
Watauga Democrat
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…
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