President Trump calls for Fed governor to resign after accusation of mortgage fraud Joey Garrison, USA TODAYAugust 21, 2025 at 12:34 AM President Trump calls for Fed governor to resign after accusation of mortgage fraud WASHINGTON ― President Donald Trump called for the resignation of a Bidenappoint...
- - President Trump calls for Fed governor to resign after accusation of mortgage fraud
Joey Garrison, USA TODAYAugust 21, 2025 at 12:34 AM
President Trump calls for Fed governor to resign after accusation of mortgage fraud
WASHINGTON ― President Donald Trump called for the resignation of a Biden-appointed Federal Reserve governor, Lisa Cook, following accusations from his administration that she engaged in mortgage fraud.
Trump's new focus on Cook, who former President Joe Biden nominated to the board in 2022, escalates the president's attacks on the independent Federal Reserve, which is governed by a seven-member board to set monetary policy.
"Cook must resign, now!!!" Trump wrote in a post on Truth Social on the morning of Aug. 20, shortly after Bill Pulte, director of the U.S. Federal Housing Finance Agency, publicized a letter referring the Fed governor for criminal proseccution to the Justice Department.
More: Trump tussles with Powell during Federal Reserve visit but backs off firing threat
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