US Fed Governor Cook rejects Trump’s calls to resign over fraud allegations
Lisa Cook says she has 'no intention of being bullied' into stepping down

ISTANBUL
US Federal Reserve Governor Lisa Cook said late Wednesday that she intends to remain at the central bank, despite President Donald Trump’s calls for her resignation over mortgage fraud allegations.
“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in an emailed statement released through a Fed spokesperson, Bloomberg reported.
“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,” she added.
Federal Housing Finance Agency (FHFA) Director Bill Pulte recently asked US Attorney General Pam Bondi to investigate Cook over two mortgages. Following a Bloomberg News report on the referral Tuesday evening, Trump urged Cook to resign in a social media post Wednesday morning.
In an Aug. 15 letter to Bondi and Justice Department official Ed Martin, Pulte suggested that Cook may have committed a criminal offense, alleging she “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”
No charges have been brought, and it remains uncertain whether Bondi will pursue an investigation.
After Cook’s statement, Pulte wrote on the US social media company X’s platform on Wednesday: “Write anything you or your attorneys want Miss Cook, you’ve been caught based on mortgage documents, not a tweet.”
In a CNBC interview Wednesday, Pulte described mortgage fraud as an “existential threat” to the federal home loan banks his agency oversees, adding: “We are going to prosecute it.”