Trump calls for resignation of Fed governor in latest line of attack

Scott Horsley

August 20, 2025 / 9:56 am

President Trump called on Federal Reserve Governor Lisa Cook to resign following allegations from a Trump ally that Cook made false statements on mortgage applications.

The move comes as the president is in the midst of a high-pressure campaign to get the central bank to lower interest rates.

Cook, who was appointed to the Fed board by then-President Joe Biden in 2022, voted with a majority of her colleagues to hold interest rates steady last month.

Last week, Bill Pulte, who oversees mortgage giants Fannie Mae and Freddie Mac, sent a letter to Attorney General Pam Bondi, calling for an investigation of Cook over a pair of mortgage applications she filed in 2021.

The letter

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