Lisa Cook, seen here at a hearing on Capitol Hill in Washington, D.C. in February of 2022, said Wednesday she won't resign despite allegations of mortgage fraud made in August by U.S. Director of Federal Housing Bill Pulte. File Photo by Ken Cedeno/UPI | License Photo
Aug. 21 (UPI) -- Federal Reserve Governor Lisa Cook responded to calls by President Donald Trump for her to resign, saying she won't step down despite allegations of mortgage fraud made by the Federal Housing leader.
Cook responded to Trump's demand that she resign following allegations of fraud made by Federal Housing Finance Agency Director William Pulte on X, adding in a statement shared with The Hill that the mortgage application in question was from four years ago, before she joined the Federal Reserve.
"I have no intention of being bullied to step down from my position because of some questions raised in a tweet," Cook said. "I do intend to take any questions about my financial history seriously as a member of the Federal Reserve and so I am gathering the accurate information to answer any legitimate questions and provide the facts."
Pulte responded to Cook's statement by calling it a "word salad" on Wednesday and pointed out she did not deny any allegations.
