Group 1 - The U.S. Department of Justice is planning to investigate Federal Reserve Governor Lisa Cook for alleged mortgage fraud, following a call from President Trump for her resignation [1][9] - DOJ official Ed Martin has urged Fed Chair Powell to remove Cook from her position, stating that her continued service is inappropriate under the circumstances [2] - Allegations against Cook include misrepresenting properties in Michigan and Georgia as her primary residence to obtain better mortgage rates [8][10] Group 2 - Cook has publicly stated that the mortgage applications in question occurred before she joined the Federal Reserve and has refused to resign under pressure, asserting her commitment to addressing any legitimate inquiries regarding her financial history [10] - Cook is the first Black woman to serve as a Federal Reserve Governor, with her term lasting until 2038, and previously held a position as an economics professor at Michigan State University [10] - The investigation into Cook is part of a broader pattern where the Trump administration has initiated inquiries into individuals from opposing political factions, with Martin having previously led investigations against Democratic figures [10][12]

Core Viewpoint - President Trump is intensifying pressure on the Federal Reserve, particularly targeting Governor Lisa Cook, demanding her resignation and criticizing Fed Chair Jerome Powell for not lowering interest rates [1][3]. Group 1: Pressure on Federal Reserve - Trump has publicly called for Lisa Cook to resign, stating "Cook must resign, now!!!" on his social media platform [1]. - He shared a Bloomberg report highlighting calls for stricter scrutiny of Cook's mortgage applications, which have raised allegations of potential misconduct [1]. Group 2: Response from Lisa Cook - Cook explained that the mortgage applications in question occurred before she joined the Federal Reserve and expressed her intent to address any reasonable inquiries regarding her financial history [2]. - She emphasized that she does not intend to resign due to social media posts and is committed to providing accurate information [2]. Group 3: Legal and Institutional Context - It remains unclear if the Justice Department will investigate Cook, as the President cannot arbitrarily dismiss Federal Reserve officials without just cause [3]. - Trump's dissatisfaction with the Fed's refusal to lower interest rates has led to repeated attacks on both Powell and Cook, with Cook being the first Black woman to serve as a Fed Governor [3].

Core Viewpoint - President Trump has intensified pressure on the Federal Reserve, specifically targeting Governor Lisa Cook, demanding her resignation amid allegations of mortgage fraud [1][2][3] Group 1: Pressure on Federal Reserve - Trump has publicly criticized Fed Chair Jerome Powell for not lowering interest rates and has now directed his ire towards Cook, calling for her resignation on social media [1] - The call for Cook's resignation follows a report by Bill Pulte, who has suggested that Cook's mortgage applications should be scrutinized more closely [1] Group 2: Cook's Response - Cook has stated that the mortgage applications in question occurred before she joined the Federal Reserve and has expressed her intention to address any reasonable inquiries regarding her financial history [2] - She emphasized that she will not resign due to what she perceives as bullying tactics [2] Group 3: Legal and Institutional Context - It remains unclear whether the Department of Justice will investigate Cook, as the President cannot arbitrarily dismiss Federal Reserve officials without just cause [3] - Cook, who was appointed during the Obama administration, is the first Black woman to serve as a Federal Reserve Governor and has recently been reappointed for a term lasting until 2038 [3]