Trump Renews Push to Remove Fed Governor Lisa Cook Over Serious Mortgage Fraud Allegations
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President Trump has again demanded the removal of Federal Reserve Governor Lisa Cook, citing troubling mortgage fraud allegations, after the Supreme Court temporarily halted his earlier effort.
President Donald Trump has once again called for the removal of Federal Reserve Governor Lisa Cook, raising serious concerns that she provided false statements on mortgage applications. This renewed demand follows a Supreme Court decision that temporarily blocked his previous attempt to hold Cook accountable. Deputy White House Chief of Staff Daniel Scavino sent a letter to Cook this week, pressing her to address the allegations, which were initially brought forward by respected mortgage industry leader William Pulte, who oversees Fannie Mae and Freddie Mac and has long advocated for integrity in financial oversight.
"Even if your conduct does not rise to the level of felony offense, it appears to demonstrate a level of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator," the letter stated, underscoring the administration’s commitment to rooting out incompetence and potential corruption within powerful institutions. Cook has denied any wrongdoing. Her attorney, Abbe Lowell, dismissed the claims as unfounded, but the administration remains determined to ensure that only trustworthy individuals serve in critical financial regulatory roles, emphasizing the need for accountability at the Fed. The renewed push was first reported by a major broadcast network. Trump’s earlier effort to dismiss Cook came as he criticized the central bank for failing to lower interest rates more aggressively and also threatened to fire then-Fed Chair Jerome Powell, whose term ended in May but who remains on the board.