Member of the Federal Reserve Board of Governors Lisa Cook speaks on "The Outlook for the Economy and Monetary Policy" at the Brookings Institution in Washington, D.C., on November 3, 2025. Kevin Lamarque/Reuters

Lawyers for Federal Reserve Governor Lisa Cook said allegations she committed mortgage fraud are “baseless” and urged the Justice Department to drop its inquiry.

The Justice Department indicated this summer it would review Cook’s mortgages after receiving a referral from Bill Pulte, the director of the Federal Housing Finance Agency, alleging she engaged in mortgage fraud by claiming multiple properties were primary residences. President Donald Trump used the allegations as a basis to try to fire Cook. She sued to keep her job and the Supreme Court is expected to decide

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