Trump Calls For Fed Board Member To Resign Over Mortgage Fraud Allegations

President Donald Trump on Wednesday called for Federal Reserve Board of Governors member Lisa Cook to resign amid mortgage fraud allegations.

“Cook must resign, now!!!” Trump wrote in a post to Truth Social. The president’s calls for Cook to step down come after Federal Housing Finance Agency director Bill Pulte said in a Wednesday X post that he was referring her to the Department of Justice (DOJ) over allegations that she committed mortgage fraud.

“U.S. Federal Housing FHFA, alleges in a Criminal Referral to the Department of Justice that Federal Reserve Governor, Lisa D. Cook, committed mortgage fraud by designating her out of state condo as her primary residence, just two weeks after taking a loan on her Michigan home where she also declared it as her primary residence,” Pulte wrote in a separate post to 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.”

“We have sent a Criminal Referral to the Department of Justice with regard to the allegations against Ms. Cook, and the DOJ should go wherever the facts may lead them,” Pulte wrote further.

“I learned from the media that FHFA Director William Pulte posted on social media that he was making a criminal referral based on a mortgage application from four years ago, before I joined the Federal Reserve,” Cook said in a statement to the Daily Caller News Foundation