Doj opens a mortgage probe in Lisa Cook, the source says

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The Ministry of Justice began to examine Mortgage allegations against Lisa CookThe ruler of the Federal Reserve, who challenges the Trump administration to remove it from its job, in a move it says is designed to erode the independence of the central bank.

Investigators issued call notes as part of the cooking investigation produced by A. Criminal referral is one of the highest housing organizers in the countryAccording to a person familiar with the issue, she was not allowed to discuss the investigation and spoke on the condition that his identity is not disclosed to the Associated Press.

A spokesman for the Ministry of Justice refused to comment on the investigation, which was reported by the Wall Street Journal.

“It is expected and acknowledging the defects in the illegal shooting challenge of the Cook Cook, the administration is scrambling to create new justifications for its transcendence. This Ministry of Justice – perhaps the most politicized in American history – will do everything that President Trump requires,” Cook’s lawyer, Abi David Lowle, said in a statement.

Investigation news comes in the middle High -risk legal battle On President Donald Trump’s announcement last month that he was offering Cook, a measure that she said was being implemented so that he could control a central bank that is usually. Protective of political pressure It is costly to make decisions on whether interest rates should be raised or low.

Trump moved to Fire Cook on August 25 after one of those appointed to him claimed that she had committed a mortgage fraud related to two ownerships in 2021, before joining the Federal Reserve.

Bill Bouti, who made a criminal referral As director of the Federal Housing Finance Agency, He confirmed that Cook had claimed two initial housing, in Ann Arbur, Michigan, and Atlanta, in 2021 to obtain better mortgage conditions. Mortgage rates are often higher in the second homes or those purchased for rent.

The Ministry of Justice investigation is focused on these two properties, according to the person familiar with the matter. It is coordinated with the offices of the American lawyer by Ed Martin, director of the weapons group of the Ministry of Justice, which is Also follow -up of fraud in mortgage In Trump’s opponents, imaginations, including Senator Adam Chef from California and the Prosecutor of New York Lettia James, both Democrats. Both of them strongly denied any violations.

Bolt evaded the questions in an interview with CNBC on Thursday about whether he was similarly scrutinized by Ken Buckston, the Texas Prosecutor who is friendly with Trump and runs for the Senate in the state preliminary elections. Backston directed mortgages real estate Three real estate All of this was determined as its basic residence. He said he would not comment on any specific situation that has not been announced.

Cook’s lawyers also insisted that she did not participate in fraud.

Luel said: “The questions about how the ruler described Cook its characteristics from time to time, which we started to address in the outstanding case and we will continue to do so, not a fraud, but it does not require anything until the Ministry of Justice conducts a new political investigation, and it seems that they have done this again.”

Separately, on Thursday, the Ministry of Justice urged a federal judge in Washington to allow the immediate removal of Cook while fighting to keep its job, and Cook’s claim that he was trying to shoot her so that he could control the Federal Reserve.

Cook lawyers argued that the shooting was illegal because the presidents could only shoot on the conservatives “for the reason”, which usually means incompetence, neglecting duty or summary while they were in office. They also said that she had a hearing and an opportunity to respond to the charges before being expelled, but it was also not presented. Lawyers said in the court file that Cook had never committed fraud on the mortgage.

The Ministry of Justice says that the president has a discretionary authority to shoot Cook for the case and that his decisions cannot be reviewed by the courts.

The issue can become a turning point for approximately 112 -year -old Federal Reserve, which is designed by Congress to be isolated from the daily political influence. Economists prefer Independent central banks Because they can do unimaginable things, such as raising interest rates to combat inflation more easily than elected officials.

Trump has Overpowered Federal Reserve Chairman Jerome Powell and other members of the Federal Reserve Interest rate committee for not reducing the interest rate in the short term in which they control more quickly.

Many economists are concerned that if the Federal Reserve falls under the control of the White House, this will maintain the main interest rate less than what is justified by the economic basics to meet Trump’s demands for the cheapest borrowing.

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