FHFA Director Delays Press Conference on Fed Governor Lisa Cook Amid Legal Battle
Federal Housing Finance Agency Director Bill Pulte postponed a press conference regarding Federal Reserve Governor Lisa Cook, citing respect for the process. The event, initially set for Thursday, was expected to address allegations of mortgage fraud against Cook. No new date has been announced.
Cook has filed a lawsuit against former President Donald Trump, challenging his authority to remove her from office. The legal action alleges political motives behind Trump's efforts, framing them as an attack on the Federal Reserve's independence. Investors are monitoring the case closely, as its outcome could impact the central bank's credibility during a period of heightened political scrutiny.