Fed Governor Whom Trump Wants Gone Says She Has 'No Intention Of Being Bullied' To Resign
HuffPost
The president is reportedly considering firing Lisa Cook after one of his housing officials accused her of committing mortgage fraud in 2021.
Lisa Cook, the Federal Reserve governor who Donald Trump said should resign over allegations of mortgage fraud, on Wednesday said she has “no intention of being bullied to step down” from her position, as the president is reportedly weighing firing her from the U.S. central bank.
Bill Pulte, the director of the U.S. Federal Housing Finance Agency who has also pushed for the removal of Federal Reserve Chair Jerome Powell, said he has made a criminal referral to the Department of Justice for Cook, claiming his agency has obtained documents that allegedly show Cook engaged in mortgage fraud.
In a letter addressed to Attorney General Pam Bondi and DOJ official Ed Martin, Pulte alleges that Cook falsified “bank documents and property records to acquire more favorable loan terms” in 2021, before she joined the Fed.
“This has included falsifying residence statuses for an Ann Arbor, Michigan-based residence and an Atlanta, Georgia-based property in order to potentially secure lower interest rates and more favorable loan terms,” the letter reads.
Cook, the first Black woman to be nominated to the U.S. central bank’s seven-member board of governors in 2022 and faced a racist smear campaign in the process, vowed to fight back.
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