President Donald Trump could potentially gain a new ally on the Federal Reserve if allegations of potential mortgage fraud force Federal Reserve Governor Lisa Cook to resign.
Trump on Wednesday urged Federal Reserve Governor Lisa Cook to resign after Federal Housing Finance Agency Director Bill Pulte asked Attorney General Pam Bondi to investigate whether she misrepresented her residency on two mortgages—an escalation of the administration’s pressure campaign on the central bank.
If Cook were to step down, it would give Trump another seat to fill on the Fed’s board of governors. That could be enough to create a Trump-appointed majority on the…
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