Trump Escalates Pressure on the FED with Mortgage Allegations

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2025-08-21 08:52:02

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President Donald TRUMP has intensified his battle with the Federal Reserve, targeting Governor Lisa Cook with demands for her resignation. The allegations stem from claims by Federal Housing Finance Agency Director Bill Pulte, who accused Cook of falsifying mortgage documents. Trump amplified the accusations on social media, linking them to a broader pattern of alleged misconduct by political opponents.

Cook, the first Black woman appointed to the Federal Reserve Board, has firmly rejected the calls to step down. She vowed to review her financial records but dismissed the allegations as politically motivated. The controversy highlights Trump's strategy of leveraging financial scrutiny against rivals while challenging the Fed's independence.

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