Trump Calls for Federal Reserve Governor Resignation Over Mortgage Fraud Allegations

President Trump has called for the resignation of Federal Reserve Governor Lisa Cook following allegations of mortgage fraud raised by Bill Pulte, director of the Federal Housing Finance Agency. Pulte alleged that Cook submitted fraudulent information on two mortgage applications, declaring two primary residences in Michigan and Georgia within a short period, which may have violated mortgage regulations. Pulte has urged Attorney General Pam Bondi and the Department of Justice to investigate Cook for potentially falsifying bank documents and property records to obtain favorable loan terms. Despite these accusations, no charges have been filed, and neither the Justice Department nor the Federal Reserve has commented on the matter. Cook, appointed by President Biden and the first Black woman on the Fed's board of governors, has not responded to requests for comment. This controversy aligns with the Trump administration's ongoing efforts to influence Federal Reserve appointments and policies.