A bipartisan group of former Treasury secretaries, Federal Reserve Board chairs and other economic experts urged the US Supreme Court not to let President Donald Trump fire Fed Governor Lisa Cook over allegations of mortgage fraud https://t.co/aOAK5MR4RT ...

US Attorney Erik Siebert told his staff he will be resigning, a source says, after intense pressure from President Donald Trump to charge New York Attorney General Letitia James with mortgage fraud https://t.co/jPvUVLSEao ...

Exactly 💯Roger Stone (@RogerJStoneJr):NY AG Letitia James claims "Mortgage fraud is a rare, rare, rare type of investigation and indictment" oblivious to the fact that NO ONE had ever been charged under the law she used to falsely charge Trump for overvaluation of his assets in seeking commercial real estate loans. ...

Core Viewpoint - The situation surrounding Treasury Secretary Scott Bessent and Federal Reserve Governor Lisa Cook highlights allegations of mortgage fraud and the political pressures surrounding the Federal Reserve, particularly in relation to President Trump's actions and statements [1][3][4]. Group 1: Allegations and Investigations - Bessent agreed to designate two homes in New York and Massachusetts as his principal residences simultaneously, similar to Cook's mortgage agreements for her homes in Michigan and Atlanta [2]. - Federal Housing Finance Agency Director Bill Pulte has accused Cook of mortgage fraud, leading to a Justice Department investigation following a criminal referral [3]. - Cook has denied the allegations and has filed a lawsuit to block her removal from the Federal Reserve, which has been supported by a U.S. District Court ruling [4]. Group 2: Political Context - Trump's attempt to remove Cook was influenced by his frustration over the Federal Reserve's interest rate policies, as he had pressured the Fed for months to lower rates [4]. - Bessent expressed that there are differing opinions on whether Trump is exerting undue pressure on the Fed, while also emphasizing the need to investigate any potential misconduct by Fed officials [5]. - The circumstances of Bessent and Cook are noted to be different, particularly in how their mortgage agreements were executed and the banks involved [6].

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent previously agreed to occupy two different houses at the same time as his "principal residence," Bloomberg News reported, an agreement similar to one President Donald Trump has called mortgage fraud in his unprecedented bid to fire Federal Reserve Governor Lisa Cook. The Bloomberg report, published Wednesday, cites Bessent's mortgages with lender Bank of America and his pledge in 2007 to primarily occupy homes in New York and Massachusetts. Mortg ...

Core Points - The Senate confirmed Stephen Miran to the Federal Reserve Board of Governors with a narrow vote of 48-47, reflecting a largely party-line decision in the Republican-controlled Senate [1] - Miran is expected to report to the Fed's headquarters as officials begin a two-day meeting to discuss the economic direction [1] - The Federal Open Market Committee is scheduled to meet on September 16 to set U.S. interest rates and broader monetary policy, which will impact borrowing costs across various sectors [2] Group 1 - Miran's confirmation follows President Trump's push for the Federal Reserve to cut interest rates, with Trump advocating for a reduction to 1% to stimulate economic growth [5][7] - Miran has committed to taking unpaid leave from his White House position while serving on the Fed's Board of Governors [6] - The Federal Reserve's current key borrowing rate is maintained within a range of 4.25% to 4.5%, with Fed Chair Jerome Powell adopting a wait-and-see approach due to ongoing trade policy impacts [9] Group 2 - The confirmation of Miran occurs amid legal challenges faced by Federal Reserve Governor Lisa Cook, who is suing Trump to retain her position on the board [12][13] - Cook's removal by Trump was based on allegations of mortgage fraud, which she denies, and a criminal investigation has been launched into her conduct [10][15] - If Trump successfully removes Cook, he will have nominated a majority of the Fed board, thereby increasing his influence over U.S. monetary policy [16]

News to contradict the Trump administration's mortgage fraud allegations rather against Fed Governor Lisa Cook. NBC News looked over Cook's bank records this past week and found no evidence of corruption. President Trump attempted to remove her from her position this summer, but so far she is refusing to leave.Well, joining me now, we have former federal prosecutor Barrett Burgerer. Welcome, Barrett. So, President Trump, as you know, tried to fire Lisa Cook.That happened back in August. It is the first time ...

Core Viewpoint - The controversy surrounding Federal Reserve Governor Lisa Cook involves allegations of mortgage fraud related to her property claims, which have led to a legal battle with the Trump administration over her position on the Fed's board [1][2][4]. Group 1: Allegations and Legal Actions - Cook referred to her condominium as a "vacation home" in a loan estimate, conflicting with claims that she misrepresented it as a primary residence [1]. - Cook has filed a lawsuit against the Trump administration to prevent her dismissal, marking a historic attempt by a president to remove a Fed governor [2]. - An injunction has been granted to Cook, allowing her to continue serving as a Fed governor while the legal proceedings unfold [2]. Group 2: Administration's Response and Investigations - The Trump administration has appealed the ruling that allows Cook to remain in her position and is seeking an emergency ruling ahead of a Federal Reserve meeting on interest rates [3]. - Bill Pulte, a Trump appointee, has accused Cook of inconsistencies in her property claims and has referred the matter to the Justice Department, which has initiated an investigation [4]. Group 3: Implications of Property Classification - Claiming a home as a "primary residence" can provide better mortgage terms compared to classifying it as a vacation home [5]. - Fulton County tax records indicate that Cook has not claimed a homestead exemption on her condo since its purchase in 2021, which would typically be expected if it were her primary residence [5].

Federal judge blocking President Trump from removing Lisa Cook from the Federal Reserve uh Board of Governors uh pending a legal challenge. Steve Leeman joins us now uh with the latest. Hey, Steve.Morning, Joe. Yeah, Fed Governor Lee Cook prevailing in every major legal point in a decision last night from a DC district court judge clearing the way for her to keep her job and participate at the upcoming Fed meeting. But the White House suggesting the case is not over yet.Uh, Judge Gia Cobb issued a prelimina ...

Also tonight, you've got the Trump administration escalating its fight against one of the Fed governors. So, one of the people who sits on the board of the Federal Reserve with the Trump administration advancing a criminal investigation into Lisa Cook. She's somebody who President Trump and his allies have been accusing of mortgage fraud.Cook denies that the al uh she she's now suing the president after he tried to fire her for cause. Earlier today, one of President Trump's top adviserss, the person who mad ...