US Edition‘Must Resign Now’: Trump Pushes Fed Governor to Quit After Fraud Allegations
Trump criticizes Federal Reserve's interest rate policies and urges investigation into Governor Lisa Cook amid political tensions and mortgage scrutiny.
- President Donald Trump ramped up pressure Wednesday, urging Federal Reserve Governor Lisa Cook to resign after criticizing Fed policy and Chair Jerome Powell's rate decisions.
- Longstanding criticism of Fed decisions led to Trump's dissatisfaction with The Federal Reserve's interest-rate stance and its impact on the housing industry and labor market, prompting earlier this year his suggestion to remove Fed Chair Jerome Powell over missteps.
- The FHFA dossier accompanying Pulte's letter contains mortgage documents and a 2022 rental listing, alleging potential misrepresentations tied to property loans in 2021–2022.
- Both the Justice Department and the Federal Reserve declined to comment, while a resignation would create another vacancy Trump could fill, potentially shifting the Fed board to four Republican appointees of seven.
- Legal constraints and uncertainty suggest The Supreme Court's recent order limits Fed removals to 'cause'; Federal Reserve Governor Lisa Cook, the first Black woman on the Fed board, learned of the referral on social media and is gathering facts.
52 Articles
52 Articles
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 Raises Pressure, Calls For Federal Reserve Governor To Resign
US President Donald Trump called Wednesday for Federal Reserve Governor Lisa Cook to step down, expanding pressure on the central bank after recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.
The US president wants to shape the central bank's board as he likes. So far, head Jerome Powell has been particularly targeted. Trump is now increasing the pressure on another Fed Governor.
Donald Trump called on Wednesday, via a message on his social network Truth, to the resignation of Lisa Cook, one of the governors of the Federal Reserve (Fed) and member of his Monetary Policy Committee, stressing the pressure on an institution that he considers too reluctant to support his economic policy. ...
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