President Donald Trump intensified his campaign to reshape the Federal Reserve on Wednesday, demanding that Governor Lisa Cook resign over mortgage fraud allegations while the Justice Department reviews the case.
Trump Amplifies Mortgage Fraud Claims
Trump wrote, “Cook must resign, now!!!” on Truth Social.
Trump’s comments come after Federal Housing Finance Agency Director William Pulte alleged Cook improperly designated properties as primary residences for favorable loan terms, Reuters reported. The allegations center on mortgages Cook obtained in 2021 for properties in Michigan and Georgia, before her Fed appointment.
Cook’s financial disclosure documents show three mortgages from 2021, including loans at 2.5%, 3.25%, and 2.875% rates …