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Core Points - The article discusses the ongoing conflict between former President Trump and Federal Reserve Board member Lisa Cook, highlighting allegations of mortgage fraud against Cook and the implications for the independence of the Federal Reserve [2][4][17] - The situation escalated with Treasury Secretary Scott B. Benset facing similar allegations, raising questions about the integrity of financial officials in the current administration [9][17] Group 1: Trump vs. Cook - Trump accused Cook of mortgage fraud, claiming she misrepresented properties to obtain favorable loan rates, leading to his attempt to remove her from the Federal Reserve [4][8] - Cook denied the allegations and filed a lawsuit against Trump, asserting that the accusations were baseless and that she would not resign [4][8] - A federal court ruled in favor of Cook, temporarily blocking Trump's attempt to dismiss her, citing a lack of due process and affirming the independence of the Federal Reserve [8][16] Group 2: Benset's Controversy - Treasury Secretary Benset was reported to have similar issues regarding mortgage declarations, where he listed two properties as "primary residences," raising concerns about double standards [9][11] - Experts reviewed Benset's mortgage documents and found no evidence of wrongdoing, suggesting that inconsistencies can occur in loan applications [11][17] - Benset's previous statements about the need for accountability among financial officials now appear contradictory in light of his own situation [11][17] Group 3: Political Implications - The conflicts highlight a broader political struggle, with suspicions that Trump may be using these allegations to undermine Cook, who has opposed his economic policies [15][17] - The potential removal of Cook could shift the balance of power within the Federal Reserve, allowing Trump to appoint more aligned officials [15][17] - The article emphasizes concerns over the independence of the Federal Reserve and the implications of political interference in monetary policy [17]