Trump Justice Department, mortgage fraud investigation, Federal Reserve governance

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JUST IN: A President Trump Department of Justice official demands Jerome Powell REMOVE Democrat Federal Reserve Governor Lisa Cook, who is facing a criminal referral for mortgage fraud from Bill Pulte. pic.twitter.com/ucpRLGMJ7m

— Eric Daugherty (@EricLDaugh) August 21, 2025

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A President Trump Department of Justice Official Demands Jerome Powell REMOVE Democrat Federal Reserve Governor Lisa Cook

In a surprising development, a President Trump Department of Justice official has called for Jerome Powell, the Chair of the Federal Reserve, to remove Democrat Federal Reserve Governor Lisa Cook. This demand comes in light of serious allegations against Cook, who is reportedly facing a criminal referral for mortgage fraud initiated by businessman Bill Pulte. The implications of this request are significant for both the Federal Reserve and the broader political landscape.

Understanding the Allegations Against Lisa Cook

Lisa Cook, appointed to the Federal Reserve Board by President Biden, has recently come under scrutiny. The allegations of mortgage fraud raise critical questions about her suitability for such a high-profile position. Mortgage fraud can undermine public trust in financial institutions, making the scrutiny surrounding Cook particularly important. The situation has sparked a conversation about accountability and ethics in government positions.

The Role of Jerome Powell

Jerome Powell, who has been at the helm of the Federal Reserve since 2018, plays a crucial role in shaping U.S. monetary policy. His decisions impact interest rates, inflation, and economic stability. The request for Cook’s removal places Powell in a challenging position, as he must balance political pressures with the integrity of the Federal Reserve. The call for action could lead to significant changes within the Federal Reserve Board, impacting its operations and public perception.

Political Implications

The demand for Cook’s removal is not just about one individual; it reflects the broader political tensions in the U.S. With both parties increasingly polarized, actions taken by the Department of Justice could have far-reaching effects on future appointments and the functioning of the Federal Reserve. As the situation develops, it will be interesting to see how both Powell and Cook navigate these challenges while maintaining the institution’s credibility.

For more details on this unfolding story, follow the original tweet from Eric Daugherty here.