President Donald Trump has said he is firing Federal Reserve Governor Lisa Cook, accusing her of mortgage fraud.
In a letter to Cook that the White House shared on social media Monday night, Trump said, “There is sufficient reason to believe you may have made false statements on one or more mortgage agreements.”
The letter referred to a criminal referral dated August 15 from William Pulte, the director of the Federal Housing Finance Agency, to Attorney General Pam Bondi.
Pulte claimed Cook declared a property in Michigan as her primary residence for the next year and then two weeks later, declared a property in Georgia as her primary residence for the next year.
“It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both,” Trump told Cook, who former President Joe Biden nominated for the Fed board in 2022.
When announcing the criminal referral last week, Pulte wrote on X, “When someone commits mortgage fraud, they undermine the faith and integrity of our System. It does not matter who you are – no one is above the law.”
Cook said in a previous statement on the matter: “I do intend to take any questions about my financial history seriously as a member of the Federal Reserve, and so I am gathering the accurate information to answer any legitimate questions and provide the facts.”
This is a developing story…
