US EditionTrump says he’ll fire Fed Governor Lisa Cook ‘if she doesn’t resign’
Trump aims to replace Fed Governor Lisa Cook to secure a majority on the board amid allegations of mortgage fraud dating back to 2021, which Cook denies.
- On Friday, President Donald Trump said he will fire Federal Reserve Governor Lisa Cook if she does not resign, which would allow him to appoint a third member and shift the board majority.
- Amid a broader pressure campaign on the Fed, Bill Pulte, Director of the Federal Housing Finance Agency, wrote to Attorney General Pam Bondi alleging Lisa Cook falsified bank documents, while the Trump administration pushes for rate cuts.
- Pulte's referral alleges specific residence discrepancies, noting Lisa Cook, Federal Reserve Governor, listed an Ann Arbor, Michigan property and an Atlanta, Georgia condo as primary residences to gain favorable loan terms, citing a Feb. 28, 2023 filing and a Sept. 1, 2022 rental listing.
- Legal experts note there is no precedent for a president firing members of the Federal Reserve Board of Governors, who can be removed only "for cause" under the Federal Reserve Act of 1913, making any removal subject to U.S. courts' scrutiny.
- In the coming months, President Donald Trump will nominate a new Fed chair and governor, while Sen. Elizabeth Warren challenged any forced firing as political and Ed Martin urged Fed Chair Jerome Powell to remove Cook amid DOJ investigation.
64 Articles
64 Articles
Federal Reserve’s only Black woman governor refuses Trump’s resignation demand – Los Angeles Wave Newspaper Group
WASHINGTON — Federal Reserve Governor Lisa Cook rejected Donald Trump’s demand that she resign over mortgage fraud allegations, saying she will not be pressured to step down and is preparing to address the claims. Trump’s call came after Federal Housing Finance Authority director Bill Pulte sent a referral to Attorney General Pam Bondi, accusing Cook of listing multiple homes in Michigan and Georgia as primary residences on mortgage applications…
Trump Plans to Fire Fed Governor Lisa Cook ‘If She Doesn’t Resign’
President Donald Trump stated on Aug. 22 that he would fire Federal Reserve Governor Lisa Cook if she did not step down from her role at the U.S. central bank. Earlier this week, Cook was publicly accused of mortgage fraud by Bill Pulte, chairman of the Federal Housing Finance Agency (FHFA). He also sent an Aug. 15 criminal referral letter to Attorney General Pam Bondi and Special Attorney Ed Martin, alleging that she falsified “bank documents a…
President Trump Says Fed Governor Lisa Cook Must Resign Or He Will FIRE Her
President Trump isn’t playing any games with Fed Governor Lisa Cook. Cook, who has been under fire for the last two weeks for allegedly committing mortgage fraud, may find herself out of a job. While being interviewed at the People’s House Museum, Trump shared that he will be forced to fire Cook if she doesn’t resign soon. CNBC provided a further report on Trump’s comments: President Donald Trump said Friday he will fire Federal Reserve Governor…
Trump Threatens to Fire Fed Governor
President Trump said he would fire Lisa Cook, a Biden appointee to the Federal Reserve Board, if she does not resign her position based on mortgage fraud allegations by Bill Pulte, Trump’s director of the Federal Housing Administration.
Trump threatens to fire Fed Governor Cook if she doesn't resign
President Donald Trump on Friday threatened to fire a member of the Federal Reserve's board of governors if she doesn't resign from her role.Federal Reserve Governor Lisa Cook is facing mortgage fraud allegations that are under investigation by the Department of Justice (DOJ) following a criminal referral by Federal Housing Finance Agency head Bill Pulte – a staunch Trump ally and critic of the Fed."I'll fire her if she doesn't resign," Trump to…
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