Anabelle Colaco
14 Sep 2025, 21:09 GMT+10
WASHINGTON, D.C.: Federal Reserve Governor Lisa Cook described a condominium she bought in June 2021 as a "vacation home" on a loan estimate and as a "second home" on a security clearance form, documents show, details that may weaken the Trump administration's allegations that she committed mortgage fraud.
President Donald Trump has moved to fire Cook "for cause," citing claims that she improperly designated two properties as her primary residence at the same time. Cook has sued to block her removal, which is the first attempt by a president to oust a sitting Fed governor. On Tuesday, she won a court injunction allowing her to remain in her role while the case proceeds.
The administration has appealed and is pressing for an emergency ruling before Monday, as the Fed meets on Tuesday and Wednesday of tthis week to decide whether to lower interest rates. Economists broadly expect a quarter-point cut.
Bill Pulte, a Trump appointee at the Federal Housing Finance Agency, has accused Cook of submitting conflicting documents on the Atlanta condo and a house she purchased in Ann Arbor, Michigan, that same month. He has made a criminal referral to the Justice Department, which has opened an inquiry.
While labeling a property as a "primary residence" can yield more favorable mortgage terms than a second home or vacation property, Fulton County tax records show Cook has never claimed a homestead exemption on the Atlanta condo since acquiring it.
The controversy comes as Trump seeks to exert more influence over the central bank, pushing for steep rate cuts and clashing with Chair Jerome Powell. The White House did not immediately comment on the newly surfaced documents.
Get a daily dose of Poland Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Poland Sun.
More InformationJERUSALEM - The plane carrying Israeli Prime Minister Netanyahu to the U.S. this week will fly a different route, avoiding air space...
DUBLIN, Ireland: Taoiseach Micheál Martin has indicated that Budget 2026 will include a new child poverty measure, likely resembling...
DUBLIN, Ireland: Prime Minister Micheál Martin has said infrastructure will take center stage in the upcoming Budget as the government...
DUBLIN, Ireland: Nearly three in five people under the age of 25 are weighing up the possibility of emigrating, with almost a third...
DUBLIN, Ireland: Ireland must tax property more effectively if it wants to achieve fairer wealth distribution, according to leading...
JERUSALEM, Israel: After lying silent for nearly eight centuries, what experts believe to be the oldest surviving pipe organ in the...
JERUSALEM - The plane carrying Israeli Prime Minister Netanyahu to the U.S. this week will fly a different route, avoiding air space...
WASHINGTON, D.C.: Federal Reserve Governor Lisa Cook described a condominium she bought in June 2021 as a vacation home on a loan estimate...
JOHANNESBURG, South Africa: South Africa's Constitutional Court has struck down an apartheid-era law that prevented men from taking...
ATLANTA/WASHINGTON, D.C.: A plane carrying more than 300 South Korean workers detained during an immigration raid at a Georgia battery...
BRASILIA, Brazil: In a landmark decision, Brazil's Supreme Court has convicted former President Jair Bolsonaro on September 11, 2025,...
WASHINGTON, DC - U.S. Federal authorities have arrested and charged 22-year-old Tyler Robinson, a third-year apprentice electrician, ...
