Fed governor says she won't be 'bullied' as Trump demands she quit over mortgage claim
Published: 8/21/2025

Federal Reserve Governor Lisa Cook refuses to resign after Trump demands it over mortgage fraud allegation. The claim alleges she falsified documents for more favorable home loans. Cook, appointed by Biden, vows not to be bullied, calling the accusations baseless and stating they stem from a loan application made before joining the Fed. The Justice Department has not disclosed any investigation into the matter.