President Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, citing a call by the head of the Federal Housing Finance Agency urging the Justice Department to probe Cook over alleged mortgage fraud.
Spokespersons for the Fed and for Cook were not immediately out there to reply to a request for remark.
“Cook must resign, now!!!” Trump wrote in a post on his social media platform in his newest feedback aimed at reshaping the make-up of the US central bank.
The Federal Housing Finance Agency urged the Justice Department to probe Fed Governor Lisa Cook over alleged mortgage fraud. AFP via Getty Images
FHFA Director Bill Pulte made the allegations in a post on X earlier on Wednesday, saying Cook had designated a condominium in Atlanta as her main residence after taking a loan on her home in Michigan, which she also declared as a main residence.
Pulte also posted a half of his letter to US Attorney General Pam Bondi saying FHFA had obtained Cook’s mortgage paperwork, and citing the two loans from June and July 2021.
“She needs to quit because what she did is grounds for firing,” he wrote in a separate post.
Trump has repeatedly blasted the Fed and its Chair Jerome Powell over benchmark charges and called for main fee cuts.
He’s also repeatedly flirted with ousting Powell as he seeks to reshape the financial coverage physique.
“Cook must resign, now!!!” President Trump wrote in a post on his social media platform in his newest feedback aimed at reshaping the make-up of the US central bank. AP
Earlier this month he named Council of Economic Advisers Chairman Stephen Miran to serve out the relaxation of the time period that opened from Governor Adriana Kugler’s surprising exit.