Trump Administration Seeks to Fire Federal Reserve Governor Over Mortgage Allegations

The Trump administration is moving forward with its efforts to fire Federal Reserve governor Lisa Cook. The attempt to remove her from office stems from mortgage fraud allegations made by Bill Pulte, the director of the Federal Housing Finance Agency, last August.

Cook has denied the allegations, stating that she was unfairly targeted for refusing to bow to political pressure and setting interest rates based solely on what would serve the American people. Her lawyer argued that Cook had accurately referred to her homes as primary residences in mortgage applications, despite later referring to one of them as a vacation home.

The Supreme Court allowed Cook to retain her job while she fights the president's effort to terminate her, but the Trump administration is appealing a lower-court ruling in Cook's favor. The White House has given Cook until August 26 to challenge any attempt to fire her.