Fed Governor Lisa Cook Defies Trump’s Resignation Demand Amid Mortgage Fraud Allegations

Federal Reserve Governor Lisa Cook faces mounting pressure after former President Donald TRUMP demanded her resignation via social media. The controversy stems from allegations of mortgage fraud raised by Federal Housing Finance Agency head Bill Pulte, who claims Cook falsified documents to secure favorable loan terms.

Cook remains defiant, stating she won't be bullied out of office. "I have no intention of stepping down because of questions raised in a tweet," she said, while committing to address any legitimate inquiries about her financial history. The Wall Street Journal reports Trump is considering attempting to fire Cook, escalating tensions between the former president and the central bank.

This confrontation occurs during a period of significant transition at the Fed, with ongoing changes to its Board of Governors. The situation highlights the increasing politicization of monetary policy institutions, though no direct cryptocurrency market implications are immediately apparent from this development.