Lisa Cook, member of the Federal Reserve Board of Governors, has said that she will not step despite President Trump called him to do so.
Cook said that he had “learned from the media [Federal Housing Finance Agency (FHFA)] Director William Paltte posted on social media that he was creating a criminal referral based on a hostage application four years ago, before I joined the Federal Reserve, ”according to a statement received by Hill’s sister Network News
He said, “I have no intention of withdrawing from my position due to some questions raised in a tweet.” “I intend to take any question seriously about my financial history as a member of the Federal Reserve and hence I am collecting accurate information to answer any valid question and provide facts.”
On Wednesday, Trump called for the resignation of Cook in view of the allegations by the FHFA chief that he committed hostage fraud.
FHFA Director William Pulte said on the social platform X on Wednesday that Cook had nominated two of his houses as his primary residence.
He said, “Lisa D. Cook committed hostage cheating by nominating his out-of-set Kondo as his primary residence two weeks after taking a loan at his Michigan’s house, where he also declared it as his primary residence,” he said.
Trump pushed Cook to go down immediately after Pulte’s post.
“Cook should resign, now !!!” The President said on his true social stage.
Pult also said that his agency created a criminal referral for the Department of Justice on the allegations against Cook.
In recent months, Trump has also directed his Ire towards the Fed Chair Zerome Powell and also pushed to exit.
Has reached the White House and FHFA for hill comments.
