2025-08-21
14 分钟President Trump considers firing a Biden-appointed Federal Reserve governor for alleged mortgage fraud.
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It's Wednesday, August 20th.
I'm Pierre Bien-Aimé for The Wall Street Journal, sitting in for Alex Ocelot.
edition of What's News, the top headlines and business stories that moved the world today.
President Trump has told aides he is considering firing a Biden-appointed Federal Reserve governor after one of his housing officials accused her of mortgage fraud.
That's according to a senior White House official and another person familiar with the matter.
Bill Pulte, the head of the Federal Housing Finance Agency,
alleged on social media today that Fed Governor Lisa Cook submitted what he called fraudulent information on a pair of mortgage applications.
In response to Pulte's claims, Trump wrote in a social media post that, quote,
According to the White House official and person familiar with the matter,
the president is discussing how to fire Cook for cause if she doesn't resign.
A spokesman for the Fed's Board of Governors said he had no immediate comment.
Matt Grossman covers economics for The Wall Street Journal.
Matt, what are the allegations against Cook?
When you submit a mortgage application,
you have to designate whether the property is a primary residence or not.