Federal Reserve board of governors member Lisa Cook dinner has mentioned she won’t step down regardless of President Trump calling for her to take action.
Cook dinner mentioned she had “learned from the media that [Federal Housing Finance Agency (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,” in response to a press release obtained by The Hill’s sister community NewsNation
“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” she added. “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.”
On Wednesday, Trump known as for the resignation of Cook dinner within the wake of allegations by FHFA’s chief that she dedicated mortgage fraud.
FHFA Director William Pulte mentioned early Wednesday on the social platform X that Cook dinner had designated two of her homes as her major residences.
“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,” he mentioned.
Trump pushed for Cook dinner to step down shortly after Pulte’s submit.
“Cook must resign, now!!!” the president mentioned on his personal Fact Social platform.
Pulte additionally mentioned his company gave a legal referral to the Justice Division on the allegations towards Cook dinner.
In latest months, Trump has additionally directed his ire in direction of Fed Chair Jerome Powell and pushed for his exit as nicely.
The Hill has reached out to the White Home and FHFA for remark.
