Fed Governor Lisa Cook Rejects Pressure To Resign After Mortgage Fraud Allegations

Federal Reserve Governor Lisa Cook said Wednesday she will not be pressured to resign over questions raised on social media, according to CNBC. Cook’s statement followed FHFA Director Bill Pulte’s call on CNBC for her to resign or be fired over alleged mortgage fraud. Trump demanded Fed Governor Lisa Cook resign in a social media post after FHFA Director Bill Pulte asked the DOJ to investigate her. Cook said she will not resign, adding that the mortgage referral predates her Fed tenure and that she will address any legitimate questions about her financial history. Pulte’s letter to Attorney General Pam Bondi reflects the Trump administration’s broader pattern of raising mortgage-related allegations against political opponents. The move highlights Trump broadening his pressure campaign on the Fed to cut rates beyond Chairman Jerome Powell.