I’m sure you have heard that President Trump fired Lisa Cook, a governor at the Federal Reserve Bank appointed by Biden in 2022, and is the first black woman to sit on the board.
On August 15, 2025, Federal Housing Finance Agency director Bill Pulte accused Cook of mortgage fraud, saying she claimed two different homes as her main residence in 2021 to get better loan terms. Pulte said he submitted a criminal referral to the Department of Justice.
She has refused to leave the Federal Reserve Bank and is suing to keep her job.
You might be interested in a local Michigan connection to this story, as outlined by Charlie LeDuff, a reporter (his word; he says he is not a journalist). He lives in Michigan and has been employed by local news print and tv, although he has also worked for the New York Times, and is a Pulitzer Prize winner.









