๐จ Trump Calls for Resignation of Fed Governor in Latest Line of Attack ๐จ
Donald Trump has intensified his criticism of the Federal Reserve, demanding the resignation of Fed Governor Lisa Cook over unverified mortgage fraud allegations.
๐๏ธ The Allegations: Claims she listed two properties as primary residences to gain favorable loan terms.
๐ข Trumpโs Statement: On Truth Social, he wrote: โCook must resign, now!!!โ
โ๏ธ Legal Hurdle: Fed governors can only be removed โfor causeโ, and no formal charges have been filed.
๐ Political Stakes: Cook, appointed by Biden, is the first Black woman on the Fed Board and a consistent Powell ally. Her exit could give Trump greater influence over Fed policy.
This is Trumpโs latest move in his ongoing campaign to pressure the Fed amid debates over rate cuts and monetary policy direction.
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