Fed's Cook Says She Won't Be Bullied Into Stepping Down [View all]

"Federal Reserve Governor Lisa Cook signaled her intention to remain at the central bank, defying calls for her resignation by President Donald Trump over allegations of mortgage fraud.

“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in an emailed statement via a Fed spokesperson. “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.”

Federal Housing Finance Agency Director Bill Pulte recently urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages. After Bloomberg News reported the referral Tuesday evening, Trump called for Cook to step down in a social media post Wednesday morning.

A resignation would create another opening for Trump to fill on the Fed board as the president piles pressure on the central bank to lower rates. Trump has tarnished Fed Chair Jerome Powell as “Too Late” for not slashing rates months ago, and suggested he too should step aside. Trump and Pulte have also heavily criticized Powell and the Fed over the cost of its ongoing headquarters renovation project."

https://www.bloomberg.com/news/articles/2025-08-20/fed-s-cook-says-she-won-t-be-bullied-into-stepping-down?srnd=homepage-americas

Both trump and pulte are pieces of garbage