FILE PHOTO: Lisa DeNell Cook, nominee to beryllium a subordinate of the Board of Governors of the Federal Reserve System, testifies during a Senate Banking nominations proceeding connected June 21, 2023 successful Washington, DC.
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President Donald Trump connected Wednesday demanded that Federal Reserve Governor Lisa Cook resign aft a U.S. lodging bureau main called connected the Department of Justice to motorboat a transgression owe fraud probe into the cardinal slope official.
"Cook indispensable resign, now!!!" Trump wrote successful a Truth Social station that linked to a Bloomberg study connected the allegations that Bill Pulte, manager of the Federal Housing Finance Agency, has lodged against Cook.
The Fed declined CNBC's petition for remark connected Pulte's claims and Trump's reaction.
It's the latest illustration of the Trump medication airing allegations of mortgage-related wrongdoing against the president's opponents. The Justice Department is investigating Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James connected akin grounds.
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The remarks besides amusement Trump expanding his attacks connected the Fed beyond its chairman, Jerome Powell, arsenic helium pressures the cardinal slope to slash involvement rates.
Cook, who was nominated by erstwhile President Joe Biden successful 2022, voted with the bulk connected the Federal Open Market Committee to support rates unchanged aft the group's latest gathering past month.
Pulte, an assertive professional of Powell, wrote successful the missive dated Aug. 15 that owe documents obtained by FHFA look to amusement Cook "falsified slope documents and spot records to get much favorable indebtedness terms, perchance committing owe fraud."
He accused Cook of "falsifying residence statuses" for a residence successful Ann Arbor, Michigan, and a spot successful Atlanta, Georgia "in bid to perchance unafraid little involvement rates and much favorable indebtedness terms."
For some properties, Cook "appears to person acquired mortgages that bash not conscionable definite lending requirements and could person received favorable indebtedness presumption nether fraudulent circumstances," Pulte alleged.
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