Federal Reserve, Trump and Mortgage Fraud
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The surprise early resignation of former Fed Governor Adriana Kugler, another Biden pick, gives Trump an early opening to nominate someone to the central bank’s board and steer its monetary policy trajectory more toward his preferred path. He has named one of his economic aides, Stephen Miran, to fill the slot on an interim basis.
Department of Justice Special Attorney Ed Martin was spotted in Brooklyn Friday inspecting Tish James’ multi-family residential property that is at the center of a federal mortgage fraud investigation.
President Trump said today that Lisa Cook, a Federal Reserve governor who has repeatedly voted not to cut interest rates despite his public pressure, should “resign, now!!!” It was the president’s latest push to remake the central bank.
Treasury yields turned lower as President Trump called for Fed governor Cook’s resignation after she was accused of mortgage fraud by one of his allies, Federal Housing Finance Agency’s head Bill Pulte,