Our beloved President Trump is at it again calling out those who think they're above the law, and on on Wednesday he called on Federal Reserve Governor Lisa Cook (Coincidence on that LAST NAME huh?) to resign as the public pressure on the central bank continues to build. "Cook must resign, now!!!" Trump wrote on Truth Social. He included a link to a Bloomberg report about a letter sent by Federal Housing Finance Agency head Bill Pulte urging Attorney General Pam Bondi to investigate Cook over a pair of mortgages.
On Wednesday afternoon, Cook stated, "I have no intention of being bullied to step down from my position because of some questions raised in a tweet. I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts.”
Does it shock you that a Joe Biden hold over is guilty of crimes she now is being exposed on, and oops she says "wasn't me" this does remind me of another fatass in New York. You know Letitia James... What is it with these women on the left especially black and Latina's who think they're above the law? Just cause they're women of color they think we can't call them out if we're not? They slander, lie, cheat, and do all criminal activities and blow it off like it's nothing when they do it. But if Trump farts against the wind they want to destroy his entire life. These are some very evil, racist, and deranged women.
Pulte wrote in a letter dated Aug. 15 that Cook "falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute." Late Wednesday morning, the Wall Street Journal reported that Trump has told aides he is "considering attempting to fire" Cook. The president's call for Cook to resign comes as public pressure on the Fed continues amid ongoing changes on the Fed's Board of Governors.
Last week, Trump nominated Council of Economic Advisers Chair Stephen Miran to the Fed board to fill a seat left empty by Adriana Kugler, who stepped down from the board on Aug. 8. Should Cook also step down, Trump would have the opportunity to nominate another Fed governor. The search for a replacement for Fed Chair Jerome Powell, whose term leading the central bank ends in May 2026, also continues in the background. Trump said last week that the field of possible replacements for Powell was "down to three or four" candidates." Trump has repeatedly called on Powell to cut rates more aggressively, coining the nickname "Too Late" for the Fed chair. Trump first appointed Powell to the role in 2017; former President Joe Biden renominated Powell as Fed chair in 2021.
He's also targeted the central bank's $2.5 billion renovation of the Federal Reserve's headquarters as a "sort of" fire able offense for the Fed chair. Trump and Powell met at the renovation site in late July as Trump once again called for Powell to lower interest rates. Powell is also a member of the Fed's Board of Governors, and his term expires in 2028. It isn't clear whether Powell will also vacate that post when his term as Fed chair ends next year. Reporting from CNBC, however, suggested up to 11 names are under consideration for Powell's role, including Jefferies chief market strategist David Zervos, who told CNBC on Wednesday that the Fed has "never been independent."
The mounting discussion around Fed independence and political pressure currently being levied at the central bank comes ahead of the annual Jackson Hole Economic Symposium, which is set to feature Powell's key policy speech of the year on Friday morning.
Last week, Trump nominated Council of Economic Advisers Chair Stephen Miran to the Fed board to fill a seat left empty by Adriana Kugler, who stepped down from the board on Aug. 8. Should Cook also step down, Trump would have the opportunity to nominate another Fed governor. The search for a replacement for Fed Chair Jerome Powell, whose term leading the central bank ends in May 2026, also continues in the background. Trump said last week that the field of possible replacements for Powell was "down to three or four" candidates." Trump has repeatedly called on Powell to cut rates more aggressively, coining the nickname "Too Late" for the Fed chair. Trump first appointed Powell to the role in 2017; former President Joe Biden renominated Powell as Fed chair in 2021.
He's also targeted the central bank's $2.5 billion renovation of the Federal Reserve's headquarters as a "sort of" fire able offense for the Fed chair. Trump and Powell met at the renovation site in late July as Trump once again called for Powell to lower interest rates. Powell is also a member of the Fed's Board of Governors, and his term expires in 2028. It isn't clear whether Powell will also vacate that post when his term as Fed chair ends next year. Reporting from CNBC, however, suggested up to 11 names are under consideration for Powell's role, including Jefferies chief market strategist David Zervos, who told CNBC on Wednesday that the Fed has "never been independent."
The mounting discussion around Fed independence and political pressure currently being levied at the central bank comes ahead of the annual Jackson Hole Economic Symposium, which is set to feature Powell's key policy speech of the year on Friday morning.
