President Donald Trump said a Federal Reserve Board governor who has refused to lower interest rates “must resign, now!!!”
Lisa Cook has also been accused of mortgage fraud by Federal Housing Finance Agency Director William Pulte, who sent a letter to Attorney General Pam Bondi saying Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud.”
Pulte referred her for criminal prosecution.
Pulte obtained Cook’s mortgage documents and asked the Justice Department to review the matter.
According to Pulte’s letter, Cook took out a mortgage on a house in Michigan represented to be her principal residence. Shortly later, she took out a loan on a condominium in Atlanta that she also described as her principal residence.
The letter says she listed the Atlanta condo as a rental property in 2022, despite having said in mortgage documents it would serve as her primary residence.
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Then-President Joe Biden appointed Cook to a 14-year term ending in 2038. She has a vote on the Fed’s Board of Governors, which determines the Fed’s interest-rate setting.
While Cook has voted against lowering interest rates, she has said “at some point” the time will come to do so.
The president has repeatedly pressured Fed Chairman Jerome Powell and the other governors to lower rates immediately.
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Today, even with President Trump’s victory, leftist elites have their tentacles in every aspect of our government.
The Daily Signal’s own Tyler O’Neil exposes this leftist cabal in his new book, The Woketopus: The Dark Money Cabal Manipulating the Federal Government.
In this book, O’Neil reveals how the Left’s NGO apparatus pursues its woke agenda, maneuvering like an octopus by circumventing Congress and entrenching its interests in the federal government.
You can read the first chapter of this new book for FREE in this eBook, The Woketopus: Chapter One using the secure link below.
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