Fed Governor Lisa Cook claimed 2nd residence as ‘vacation home,’ undercutting Trump fraud claims
September 12, 2025
Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate. That 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 claims that Cook claimed both the condo and another property as her primary residence simultaneously. Trump is trying to reshape the central bank, in part 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.”