Trump calls for Fed governor Cook to resign
Federal Housing Finance Agency director accuses the governor of mortgage fraud
US president Donald Trump has called for Lisa Cook, a governor of the Federal Reserve, to resign.
Trump posted on social media on August 20: “Cook must resign, now!!!”.
The president’s post came after Trump appointee Bill Pulte, director of the Federal Housing Finance Agency, alleged Cook had committed mortgage fraud. In a letter to attorney general Pam Bondi dated August 15, Pulte recommended criminal prosecution on the basis that Cook falsified bank documents and property records as a means to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Governance
Bessent: Fed heads should come from districts they represent
US Treasury secretary says measure would not be applied retroactively
Fed officials’ stock trading must be reined in, say experts
Ethics violations by FOMC members mean it is time to overhaul rules, former policy-makers argue
Experts see Japan’s PM having limited impact on BoJ independence
Takaichi’s hints on policy direction have precedent in Abenomics, former bank officials say
No excuse for ex-Fed governor’s rules violations, say experts
Kugler found to have made stock trades during FOMC blackout period
Lebanon strengthens oversight of financial system after US visit
Central bank tightens AML/CFT rules as Washington tells it to contain Hezbollah funding
Reform UK’s BoE plans dismissed as ‘Trump-lite’
Former Bank of England officials unconvinced by proposals to fire current governor, change MPC and add growth remit
Posen predicts Supreme Court will side with Cook
However, PIIE president tells panel that justices are still likely to undermine Fed independence
Is independence compatible with climate action?
Lessons from China indicate relationship between governments and central banks may need to change, argues Mathias Larsen