The Trump administration has been gunning for economist and Federal Reserve Governor Lisa Cook in an attempt to “take the Fed over.” This isn’t something a serious president would do, but it falls in line with what an authoritarian president would do, and Trump’s job numbers are in the shitter. The economy is in bad shape, and he hasn’t even been on the job for a year now.
Lisa Cook is the first black woman to sit on the Board, and she was targeted with accusations of mortgage fraud, but that was just blown out of the water.
The Associated Press reports:
Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate, a characterization that could undermine claims by the Trump administration that she committed mortgage fraud.
President Donald Trump has sought to fire Cook “for cause,” relying on allegations that Cook claimed both the condo and another property as her primary residence simultaneously, as he looks to reshape the central bank to orchestrate a steep cut to interest rates. Documents obtained by The Associated Press also showed that on a second form submitted by Cook to gain a security clearance, she described the property as a “second home.”
