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President Trump is now demanding the resignation of Federal Reserve Governor Lisa Cook over allegations of mortgage fraud.
Lisa Cook was appointed to the Fed board by Joe Biden in 2022.
Since then, she has sided with Jerome Powell on every single vote.
Check it out:
President Trump DEMANDS the resignation of Federal Reserve Governor Lisa Cook after being criminally referred to the DOJ for MORTGAGE FRAUD
She was also caught in 2024 by Chris Rufo for plagiarizing her “academic research” on how popular certain names were in the black… pic.twitter.com/iKLpnXZu89
— MJTruthUltra (@MJTruthUltra) August 20, 2025
President Trump DEMANDS the resignation of Federal Reserve Governor Lisa Cook after being criminally referred to the DOJ for MORTGAGE FRAUD
She was also caught in 2024 by Chris Rufo for plagiarizing her “academic research” on how popular certain names were in the black community.
Lisa Cook is a Biden appointee and Jerome Powell loyalist. She has voted with Powell 100% of the time.
President Trump called for Cook to resign in this Truth Social post:
Last Friday, Lisa Cook was referred to the DOJ by Director of Federal Housing Bill Pulte, who accused her of committing serious mortgage fraud.
An excerpt from the Bloomberg article that President Trump linked to reads:
President Donald Trump called on Federal Reserve Governor Lisa Cook to resign after a staunch ally called for an investigation of the board member’s mortgages, intensifying his campaign on the central bank.
Federal Housing Finance Agency Director Bill Pulte urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. Cook was nominated to the Fed by former President Joe Biden.
Pulte explained further in a post on X:
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… pic.twitter.com/3hlknQ4yzF
— Pulte (@pulte) August 20, 2025
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.
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.
Not only did Lisa Cook declare her Atlanta condo as her primary residence just two weeks after declaring her Michigan property as her primary residence in a loan filing, but she also listed that very same condo for rent not long after being appointed to the Fed board.
Nobody ever questioned anything…
The timing of this is insane.
On June 18, 2021, Lisa Cook signed mortgage documents identifying her Michigan residence as her primary residence.
Two weeks later on July 2, 2021, she purchased a condo in Atlanta and identified it as her primary residence.
On January 14, 2022,… pic.twitter.com/KFibPq4AwH
— Pino Americano (@PinoAmericano) August 20, 2025
The timing of this is insane.
On June 18, 2021, Lisa Cook signed mortgage documents identifying her Michigan residence as her primary residence.
Two weeks later on July 2, 2021, she purchased a condo in Atlanta and identified it as her primary residence.
On January 14, 2022, Joe Biden nominated her to the Federal Reserve Board.
On May 23, 2022, she took office on the Federal Reserve Board.
In September of 2022, she listed the Atlanta condo for rent.
Team Biden never questioned the mortgage fraud and neither did the US Senate.
It’s very strange that Lisa Cook was not investigated for mortgage fraud much earlier.
You’d think the Senate at least would vet Federal Reserve Board nominees?
Apparently not.
Keep in mind that Lisa Cook is currently one of only twelve people on the Federal Reserve board who can influence interest rates in our country.
It’s a very important position.
If she resigns or is (rightfully) fired, then President Trump can replace her with someone more credible and aligned with his goal to cut interest rates.
The Washington Examiner noted:
While Pulte has gone after other officials over similar accusations, Cook is of interest because she is a voting member of the Fed board and one of the 12 people who control the direction of interest rates in the United States. Cook was nominated to the board by former President Joe Biden and worked in the Obama administration, in addition to being an academic economist.
However, amid all this, Cook says she will not resign.
From CNBC:
In response to Pulte’s tweet, Cook said she has no plans to step down.
“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,” said Cook in a statement.
“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,” she said.
You hear that?
Cook says she is prepared to answer questions about her financial history…
Here’s a good one to start with:
Lisa Cook says she will answer all legitimate questions. Let’s start with this. Are these your signatures on Mortgages? pic.twitter.com/4aOfWB2VN2
— Pulte (@pulte) August 20, 2025
No one is above the law.
Lisa Cook should resign.
If she doesn’t, I have a feeling she will be forced out the hard way…
This is a Guest Post from our friends over at WLTReport.