Fed’s Cook blasts mortgage fraud allegations against her as ‘baseless’ in letter to AG Bondi
November 17, 2025
Lawyers for Federal Reserve Governor Lisa Cook on Monday disputed allegations by a Trump administration official that she committed mortgage fraud, an accusation that President Donald Trump used as a basis for seeking to fire her. It was the first time a president has sought to remove a Fed governor in the central bank’s 112-year history. Cook sued to keep her job, and the Supreme Court ruled last month that she could remain in the position. The letter to Attorney General Pam Bondi is the first comprehensive response to a criminal referral in August by Bill Pulte, director of the Federal Housing Finance Agency.