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Trump Demands Resignation of Fed Governor Over Fraud Claims

8/22/2025

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Trump Calls for Resignation
  • Donald Trump called for the resignation of Federal Reserve Governor Lisa Cook over mortgage fraud allegations made by William Pulte.
  • Pulte's letter to Attorney General Pam Bondi accuses Cook of falsifying documents for favorable loan terms.
  • Cook, appointed by President Biden, is the first Black woman on the Federal Reserve board, serving until 2038.
  • The Federal Reserve and Justice Department have not responded to the allegations.
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