Trump Calls for Fed Governor Lisa Cook to Resign After Accusation of Mortgage Fraud

First Black Woman On Federal Reserve Board, Lisa Cook, Targeted By Trump After Mortgage Fraud Accusations

By James Sanders ·Updated August 25, 2025 Getting your Trinity Audio player ready… After Federal Reserve Governor, Lisa Cook was accused of mortgage fraud last week, Donald Trump said he would fire her on Friday if she did not resign. She’s the first and only Black woman in the position. Current law limits the president’s ability to do so without cause. Cook’s nomination from Joe Biden in 2022, left the Spelman alum in a 50-50 deadlock that was …

Mastermind Of Economic Policy

by Alan Rechtschaffen at CDN - When President Donald Trump publicly demanded Federal Reserve Governor Lisa Cook “resign immediately” over questions about a mortgage application, it wasn’t just about one official. It was the latest step in a broader campaign to break the central bank’s culture of insulation from voters and to make the Fed answerable to Main Street. For decades, … Click to read the rest HERE-> Mastermind Of Economic Policy first p…

Trump’s threats against this Fed board member are a threat to the whole economy

Bill Pulte, head of the Federal Housing Finance Agency (FHFA), alleged that Federal Reserve governor Lisa Cook committed mortgage fraud, and called for her resignation.

Mortgage-Fraud Accusations Are Trump’s New Weapon

“The Trump administration has a new weapon at its disposal in its efforts to take down Democrats and their appointees: mortgage records,” the Wall Street Journal reports. “Members of the administration have now alleged three public officials have committed mortgage fraud, referring each to the Justice Department. The administration has signaled that it has just gotten started: U.S. Pardon Attorney Ed Martin was recently tapped ‘to investigate fr…

Trump says he will fire Lisa Cook from the Federal Reserve if she doesn't resign

Cook is being accused of mortgage fraud.

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…