Trump Demands Fed Governor's Resignation Amid Allegations

President Donald Trump has called for the resignation of Federal Reserve Governor Lisa Cook, following accusations of mortgage fraud by Federal Housing Finance Agency Director Bill Pulte. The controversy centers around Cook's alleged declaration of two primary residences, linked to loans secured in Atlanta and Michigan in 2021. Trump's appeal for Cook's resignation comes amidst ongoing tensions with the Federal Reserve.

In a statement, Pulte disclosed that the FHFA had obtained Cook's mortgage documents and found inconsistencies. He shared his findings with U.S. Attorney General Pam Bondi, fueling the demand for a Department of Justice investigation. Despite these allegations, spokespeople for Cook and the Fed were unavailable for immediate responses.

This latest scenario reflects Trump's broader efforts to influence the composition and policies of the U.S. central bank. Earlier this month, Trump appointed Stephen Miran to a vacant position on the Council of Economic Advisers, following Governor Adriana Kugler's sudden exit.

(With inputs from agencies.)