Sen. Elizabeth Warren (D-MA) defended recently fired Federal Reserve Governor Lisa Cook on CNBC’s Squawk on the Street, dismissing mortgage fraud allegations against her as nothing more than a political hit job orchestrated by allies of President Donald Trump.
President Donald Trump dismissed Federal Reserve Governor Lisa Cook on Monday, citing “sufficient cause” over allegations of mortgage fraud. The move marks a dramatic shakeup inside the central bank, as Cook—first appointed by President Joe Biden in 2022—faced scrutiny over claims she improperly listed two primary residences on mortgage documents.
President Donald Trump on Friday called for Federal Reserve Governor Lisa Cook to resign or face termination, following allegations that she committed mortgage fraud while serving on the board of the central bank. “What she did was bad,” Trump said. “So I’ll fire her if she doesn’t resign.”
Senator Adam Schiff (CA) is facing serious scrutiny after the Federal Housing Finance Agency (FHFA) referred him to the Department of Justice over possible mortgage fraud.
The Trump administration is considering federal criminal charges against New York Attorney General Letitia James, following serious allegations of mortgage fraud related to multiple property transactions. The charges could include wire fraud and making false statements to a financial institution.
