NPR | Thursday, August 21, 2025 
Trump calls for resignation of Fed governor in latest line of attack

President Trump called on Federal Reserve Governor Lisa Cook to resign following allegations from a Trump ally that Cook made false statements on mortgage applications. The move comes as the president is in the midst of a high-pressure campaign to get the central bank to lower interest rates. Cook, who was appointed to the Fed board by then-President Joe Biden in 2022, voted with a majority of her colleagues to hold interest rates steady last month. Last week, Bill Pulte, who oversees mortgage giants Fannie Mae and Freddie Mac, sent a letter to Attorney General Pam Bondi, calling for an investigation of Cook over a pair of mortgage applications she filed in 2021. The letter, which Pulte posted on social media Wednesday, says Cook sought mortgages on a house in Michigan and a condo in Georgia two weeks apart. The paperwork said each property would be used as Cook’s primary residence, though the Georgia condo was listed as a rental two months later. Lenders often give more favorable terms for loans on a borrower’s primary home. “How can this woman be in charge of interest rates if she is allegedly lying to help her own interest rates?” Pulte asked in a social media post. Pulte has raised similar claims against Trump antagonists Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James. “Cook must resign, now!!!” Trump wrote on social media Wednesday…Read more