Summary
Federal Reserve Governor Lisa Cook is accused of mortgage fraud by a Trump administration official. Her lawyers have told Attorney General Pam Bondi that these claims are not true. President Trump wants to use these allegations to try and remove Cook from her position.
Key Facts
- Lisa Cook is a Governor at the Federal Reserve, the U.S. central bank.
- She faces allegations of mortgage fraud.
- A Trump administration official made these allegations.
- Cook's lawyers say the claims are false.
- President Trump cites these accusations to attempt her removal.
- This is the first time a U.S. President has tried to remove a Fed governor in the institution’s 112-year history.
- Pam Bondi is the Attorney General addressed in Cook’s lawyers' letter.
