TRUMP CALLS ON FED GOVERNOR COOK TO RESIGN – She says she won’t be ‘bullied’ to quit over mortgage claim
U.S. President Donald Trump called on Federal Reserve Governor Lisa Cook to resign.
U.S. Federal Housing Finance Agency Director Bill Pulte alleged in a post on X that Cook had designated a condo in Atlanta as her primary residence after taking a loan on her home in Michigan, which she also declared as a primary residence.
Loans for a primary residence can carry easier terms than for second homes or investment properties. Pulte said the loans date to mid-2021, before Cook was appointed to the Fed by former President Joe Biden and confirmed by the Senate the following year. She is a native of Georgia and, at the time, was an economics professor at Michigan State University.
Pulte asked Attorney General Pam Bondi to investigate, and Trump quickly amplified the allegation. The Justice Department was taking the matter very seriously, a department official told reporters.
Cook is one of three Biden appointees to the Fed whose terms extend beyond Trump’s time in office, complicating the president’s efforts to get more control by appointing a majority of its seven-member board. Currently, two of the Fed’s remaining six board members were appointed by Trump: Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman.
