President Donald Trump on Wednesday called for the resignation of a Federal Reserve governor. This comes after one of his allies submitted a referral that requested she be investigated for mortgage fraud. LiveNOW’s Andrew Craft is learning about this and getting the latest news from Bed Bath & Beyond and Target, with Peter C. Earle, Ph.D, the Director of Economics and Economic Freedom and a Senior Research Fellow with AIER.
The news was first reported by Bloomberg. They reported that Federal Housing and Finance Agency (FHFA) Director Bill Pulte has posted a copy of a referral he sent to the Department of Justice regarding mortgage fraud allegations against Federal Reserve Governor Lisa Cook.
“I learned from the media that FHFA Director William Pulte posted on social media that he was making a criminal referral based on a mortgage application from four years ago, before I joined the Federal Reserve. I have no intention of being bullied to step down from my position because of some questions raised in a tweet. I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts,” Cook said.
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