Trump Says Fed Governor ‘must Resign’ After Accusations Of Alleged Mortgage Fraud

President Donald Trump said connected Truth Social that Federal Reserve Governor Lisa Cook “must resign, now!!!”

Trump’s remark came aft nan head of nan U.S. Federal Housing Finance Agency, William Pulte, a crisp professional of nan Fed, alleged successful a missive to Attorney General Pam Bondi that Cook “falsified slope documents and spot records to get much favorable indebtedness terms, perchance committing owe fraud.”

In nan missive that Pulte called a “criminal referral,” he said that his agency had obtained her owe documents and requested that nan Justice Department reappraisal nan matter.

He further alleged that Cook falsified her “residence statuses for an Ann Arbor, Michigan-based residence and an Atlanta, Georgia-based property.”

Pulte’s missive is nan latest scrutiny complete nan mortgages of salient Democratic figures, including Sen. Adam Schiff of California and New York Attorney General Letitia James.

The missive astir Cook’s mortgages ratchets up nan administration’s unit connected nan Federal Reserve to little liking rates. Pulte has posted connected societal media dozens of times calling connected Fed Chair Jerome Powell to resign aliases little rates, and he attended Trump’s caller circuit of nan Federal Reserve’s office renovation.

Cook has a imperishable ballot connected nan cardinal bank’s rate-setting committee and was appointed by President Joe Biden to a word moving until 2038.

Before joining nan Fed, Cook was a professor of economics astatine Michigan State University. Cook, a postgraduate of Spelman College and Oxford University, is regarded successful nan economics section arsenic a trailblazer. She is nan first Black female to service connected nan Federal Reserve committee successful nan U.S. cardinal bank’s much than 100-year history.

The Federal Reserve declined to remark connected Trump's station Wednesday. The Justice Department and FHFA did not instantly respond to requests for comments.