DOJ Urges Fed Chair Powell to Remove Governor Lisa Cook Over Fraud Allegations

The Department of Justice has escalated pressure on Federal Reserve leadership, with a senior DOJ official demanding the removal of Governor Lisa Cook. Special Attorney Ed Martin cited mortgage fraud allegations tied to 2021 property filings in Michigan and Atlanta, where Cook allegedly misrepresented primary residences. The Fed maintains institutional independence—Powell lacks authority to unilaterally dismiss board members—but the public rebuke creates unprecedented scrutiny.

Cook remains defiant, dismissing calls for resignation as reactionary. "I won't be bullied by Twitter speculation," she stated, framing the controversy as manufactured. Market observers note the timing coincides with delicate policy debates on rate cuts, though no direct crypto implications surface in the allegations.