Trump Calls on Fed's Cook to Quit
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Trump administration officials have accused the Federal Reserve governor of mortgage fraud and called for her to resign.
A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell.
Federal Housing Finance Agency Director Bill Pulte suggested Thursday that his referral of Federal Reserve Governor Lisa Cook for alleged mortgage fraud was part of a broader crackdown on the issue.
Multiple current and former Fed officials are speaking up as Federal Reserve Governor Lisa Cook faces attacks from the Trump administration.
"No American thinks it is appropriate that she serve during this time with a cloud hanging over her,” Ed Martin wrote in a letter to the Fed chair.
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.