WASHINGTON — Federal Reserve Governor Lisa Cook rejected Donald Trump’s demand that she resign over mortgage fraud allegations, saying she will not be pressured to step down and is preparing to address the claims.
Trump’s call came after Federal Housing Finance Authority director Bill Pulte sent a referral to Attorney General Pam Bondi, accusing Cook of listing multiple homes in Michigan and Georgia as primary residences on mortgage applications.
Cook, appointed to the Fed by President Joe Biden in 2022 and reappointed in 2023 for a 14-year term, said she is taking the accusations seriously. She explained that she is gathering records to provide accurate answers.
“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said i