Trump again gets a new ammunition in his battle with the Federal Reserve, and the governor called Lisa Cook to resign from the mortgage claims

Bill Bouti, director of the agency that oversees the mortgage giants Vi Mai and Freddy MacAnd the Ministry of Justice urged the investigation of Cook, which was appointed to the Board of Directors of the Federal Reserve Council by former President Joe Biden in 2022.

Pulte claimed that Cook has claimed two houses as its main dwellings – one in Georgia, and the other in Michigan – for better mortgage lending conditions.

The prosecution represents another interface in the Trump administration attack on the Federal Reserve, which has not yet reduced the main interest rate as Trump’s request. If Cook is flying, the White House can filter an alternative. Trump said he would only appoint people who support fewer rates.

The Federal Reserve refused to comment on the accusation.

For several months, Trump demanded that the Federal Reserve reduce the short -term interest rate, which is currently about 4.3 %. Trump says that the rate of low borrowing rate from the government on $ 37 trillion of debt and enhances the housing market by reducing mortgage rates. After the costs of borrowing the mortgage Do not always follow Federal reserve decisions.

The Trump administration has made similar allegations of real estate mortgage fraud against the Democrats attacked by Trump, including Senator in California Adam Chef and New York Lightia James.