“There’s no funny business here,” he said on CNBC. “This is straightforward stuff, and if you commit mortgage fraud, especially in black and white, you will be prosecuted.”
First reported by Bloomberg News, Pulte’s letter to attorney general Pam Bondi and justice department official Ed Martin suggested Cook “falsified bank documents and property records to acquire more favorable loan terms, potentially committing mortgage fraud under the criminal statute.”
Cook is one of 12 members of the Fed committee responsible for deciding the central bank’s interest rate policy, which includes seven governing board members, the New York Fed president, and a rotating group of four other regional presidents. She sided with chair Jerome Powell in the Fed’s July 30 meeting by voting to leave the funds rate unchanged.
Tensions between Fed and Trump administration escalate again
Trump has called throughout this year for the Fed to lower rates, labeling Powell “too late” on rate policy and claiming it should follow European counterparts in cutting.
The White House would be able to appoint a replacement if Cook stepped down. Adriana Kugler unexpectedly resigned at the beginning of August, leading Trump to select chair of the Council of Economic Advisors Stephen Miran to replace her.
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