"Cook was allowed to participate in the Federal Open Market Committee (FOMC) meeting this week, where the Fed board lowered its benchmark interest rate by 25 basis points to a range of 4% to 4.25%, marking the first cut since December 2024. Stephen Miran, who was confirmed on Monday to fill the remainder of Adriana Kugler's term through January 2026 following her resignation on Aug. 1, was the only official to vote for a 50-bps cut this week."
"Trump and other officials, including Federal Housing Finance Agency (FHFA) Director Bill Pulte, have accused Cook of mortgage fraud, alleging she signed 2021 documents listing more than one property as her primary residence. Pulte sent two criminal referrals to Attorney General Pam Bondi on Aug. 15, which prompted Trump to attempt to dismiss Cook for cause on Aug. 25. Cook has denied wrongdoing and sued Trump after he tried to remove her."
"A 2021 loan estimate reviewed by Reuters on Sept. 12 notes that Cook declared her Atlanta condo as a vacation home, seemingly undermining the fraud allegations. The Department of Justice does not comment on current or prospective litigation, including matters that may be an investigation, a spokesperson told HousingWire. Neither Cook, the White House nor the Federal Reserve Board returned HousingWire's requests for comment at the time of publication."
Cook participated in the Federal Open Market Committee meeting as the Fed lowered its benchmark interest rate by 25 basis points to 4%–4.25%, the first cut since December 2024. Stephen Miran was the lone official to vote for a 50-basis-point reduction. Trump and FHFA Director Bill Pulte accused Cook of mortgage fraud related to 2021 documents and Pulte sent two criminal referrals to Attorney General Pam Bondi, prompting Trump to try to dismiss Cook for cause. Cook has denied wrongdoing and sued Trump. The Department of Justice is reviewing whether she misrepresented property occupancy, and a 2021 loan estimate lists an Atlanta condo as a vacation home. DOJ does not comment on investigations, and Cook, the White House, and the Federal Reserve did not respond to requests for comment.
Read at www.housingwire.com
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