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Trump Presses Fed’s Cook to Quit | Balance of Power
Posted
August 20, 2025
Views
433
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August 20, 2025
433
2
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President Donald Trump called on Federal Reserve Governor Lisa Cook to resign after a staunch ally called for an investigation of the board member’s mortgages, intensifying his campaign on the central bank.
Federal Housing Finance Agency Director Bill Pulte urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. Cook was nominated to the Fed by former President Joe Biden.
Trump said Wednesday that Cook “must resign now,” citing Pulte’s allegations, while the FHFA head posted on social media that the accusations give Trump “cause to fire” her.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall and Michael Shepard are in for Joe and Kailey. They speak with:
Bloomberg White House Correspondent Josh Wingrove.
Bloomberg International Economics and Policy Correspondent Michael McKee.
Ipsos US Public Affairs President Cliff Young.
Bloomberg Markets Live Managing Editor Kristine Aquino.
Republican Main Street Partnership President and CEO Sarah Chamberlain and Third Way Executive Vice President Matt Bennett.
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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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