Overview

• FHFA Director Bill Pulte sent a criminal referral alleging Lisa Cook declared two homes as primary residences weeks apart in 2021, with the Georgia property later listed for rent.
• President Donald Trump called for Cook to resign, while Cook said she will not be bullied and is gathering records to answer questions about her finances.
• Bloomberg and Reuters report DOJ official Ed Martin told Jerome Powell the matter requires further examination and encouraged Cook’s removal from the board.
• The Federal Reserve referred to Cook’s statement and declined further comment, and no criminal charges have been filed as the Justice Department has not announced an investigation.
• Any vacancy would let the White House nominate a replacement, intensifying a broader push to influence Fed policy as recent departures and nominations reshape the board.