Trump Demands Fed Governor Lisa Cook Resignation Over Fraud Accusations

President Donald Trump has called for Federal Reserve Governor Lisa Cook to resign following allegations of mortgage fraud made by Bill Pulte, director of the Federal Housing Finance Agency. Pulte accused Cook of falsifying bank documents and property records to secure more favorable mortgage loan terms on two homes, prompting a request for a Justice Department investigation. Cook, appointed by President Joe Biden, is the first African-American woman to serve on the Fed's board, and her resignation would allow Trump to nominate a replacement more aligned with his push for lower interest rates. This demand expands Trump's ongoing criticism of the Federal Reserve, which has so far focused primarily on Chair Jerome Powell's reluctance to cut rates. No charges have been filed, and neither the Federal Reserve nor the Department of Justice has commented on the allegations. Trump's broader campaign includes targeting other Democrats with similar accusations and aims to influence Fed policy amid economic uncertainties and a desire to reduce government borrowing costs.