President Trump Called on Federal Reserve Governor Lisa Cook on Wednesday alleged that she was engaged in hostage fraud and requested an inquiry.
Bill Pulte, which Mr. Trump Appointed As director of US Federal Housing Finance Agency in March, created Blame On X, Cook claimed hostage fraud after two houses nominated as his primary residence.
Housing regulator also shared on 15 August Letter He sent US Attorney General Palm Bandy and justice department officer Ed Martin underlining the alleged hostage fraud. The letter points to the documents obtained by the agency, which claims that Cooks show the Felified Bank and Property Records “to get more favorable debt terms”.
Pulte alleged that Cook had promised to buy an N Arber, Michigan, property in the hostage agreement of June 2021 that he would make the house his primary residence for at least one year, but then two weeks later bought Atlanta condominium, which he also agreed to create his primary residence for a year.
Horticulture rates for primary houses are usually lower than people offered by banks for secondary houses, such as holiday home or investment properties, According For rocket mortgage.
In response to Pulte’s allegations, Mr. Trump wrote “Cook should resign, now !!!” Social Wednesday morning on truth. Pulte also asked the Federal Reserve Governor to resign, and Said On X, he believes that the Department of Justice will conduct a criminal investigation into alleged mortgage fraud.
The White House did not immediately respond to CBS Manivatch’s request for comments. A Federal Reserve spokesman said that he had nothing to share at that time.
As a call to resign Mr. Trump, President Fed is urging to cut interest rates, while Insulting Chairman Jerome Powell on the caution of Fed in reducing the cost of borrowing. Cook 12-Person holds a seat in the Federal Open Market Committee, or FOMC, a central bank group, which decides on the decision whether to cut, hold or increase interest rates on the basis of majority votes among its members.
Have also been president Push Congress to confirm the nomination of Stephen Miran to the Board of Governors of Fed. Mr. Trump Appointed miranOne of his top economic advisors, after the resignation of the village Adriana Kugler to serve on the board on an interim basis earlier this month
Jet Seberg, an analyst of TD Securities in a research note, said that his role would not have to change the composition of FOMC by removing Cook from his role and adding Miran. “
It is also unlikely that Meeran could be confirmed, before the Fed announced its next rate of decision on 17 September, as the Senate does not re -connect until September 2, and a vote would require “aggressive program” by the Senate Banking Committee, Cabberg said.
Wall Street looks as the possibility that the desire to cut the rate of Mr. Trump will be given soon, economists have increased the possibility of 88% that the Fed Fed will decrease on 17 September. According to the financial data company, the finals will reduce rates at 17.
Meanwhile, Seberg said that he does not believe it likely that Cook would resign before the September Fed meeting.
“For Cook, resignation will not end the legal investigation. That is why we do not see any encouragement for him to react to Pulte by departing before the next FOMC meeting,” he wrote.
Cook joined the Board of Governors of Fed in May 2022, according to him BiographyPrior to his appointment, Cook was a professor of economics at Michigan State University. He has also worked in the Faculty of Kennedy School of Government of Harvard University and has worked as a senior economist in the Economic Advisory Council under President Obama.
