Trump says Fed governor Cook 'must resign'
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Federal Reserve Governor Lisa Cook has announced she is not resigning, despite allegations of mortgage fraud made by the Federal Housing leader on X.
Cook responded to Pulte in a statement, "I have no intention of being bullied to step down from my position because of some questions raised in a tweet."
Federal Reserve governor Lisa Cook late Wednesday said she would not leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud.
16hon MSN
Trump calls on Federal Reserve Governor Lisa Cook to resign after she was accused of mortgage fraud
President Trump called on Fed Governor Lisa Cook to resign on Wednesday after one of his appointees accused her of mortgage fraud.
FHFA Director Bill Pulte made the allegations, saying 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
President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, citing an allegation of potential mortgage fraud.
On Wednesday, Trump called on Cook to resign after Federal Housing Finance Authority director William Pulte sent a "criminal referral" to Attorney General Pam Bondi, accusing Cook of mortgage fraud. Neither Bondi nor the Justice Department has announced if they plan to open a criminal investigation into Cook.