Story perspectives
Trump Demands Fed Governor's Resignation Over Fraud Allegations
8/20/2025
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Story summary
- President Trump called for the resignation of Federal Reserve Governor Lisa Cook amid mortgage fraud allegations.
- Bill Pulte, director of the Federal Housing Finance Agency, accused Cook of falsifying residence statuses for loan benefits.
- The incident highlights scrutiny of Democrats' mortgage practices and Trump's push for lower interest rates.
- Cook, appointed by Biden, is the first Black woman on the Federal Reserve board.
