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…
The News Roundup For August 22, 2025 : 1A
President Donald Trump is continuing his efforts to influence the Federal Reserve. He’s calling on one of its governors to resign, publicly criticized Chair Jerome Powell, and is trying to fast-track a close ally onto the board.The White House continued its campaign against the Smithsonian Institution this week. Its given museums 120 days to adjust any content that the administration finds problematic in “tone, historical framing and alignment w…
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.
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