President Trump threatens to fire Fed governor if she doesn’t resign

On Friday, President Donald Trump threatened fire to a member of the Federal Reserve Governor Council if she did not resign.

The ruler of the Federal Reserve, Lisa Kok, is facing fraud in the mortgage of the mortgage that is under investigation by the Ministry of Justice (Doj) after a criminal referral by the head of the Federal Housing Agency, Bill Polly – Trump’s strong and critic of the Federal Reserve.

“I will expel it if you don’t resign,” Trump told reporters on Friday. “What I did was bad.”

Earlier this week, Pulte sent his referral to the Ministry of Justice on Wednesday and accused it of “fake banking documents and property records to obtain more favorable loan conditions, and may be committed in mortgage fraud under the criminal statute.”

Trump calls for the resignation of the Federal Reserve Governor as a request for an investigation ally

Polati claimed that Cook had falsely claimed the initial residence of a husband from the houses in Ann Arbour, Michigan, Atlanta, Georgia, when she got real estate loans on her 14 days ago.

In a separate publication, he posted pictures aimed at showing their signature from the documents he made commented that they are demanding the initial residence status – although the images do not contain this information.

The Federal Reserve Chairman refers to the labor market in the Federal Reserve in the labor market

Kok again pushed the allegations of Polber and referred in a statement submitted by Fox Business by the Federal Reserve:

“I learned from the media that the director of FHFA William Polly published on social media that he was referring a criminal at the request of a mortgage four years ago, before I joined the federal reserve. I have no intention to intimidate in order to step down from my position because of some questions raised in the Twitter. Cook said.

“It will not be intimidated to step down from my position because of some questions that were raised in a tweet.” (Al Drao / Bloomberg via Getty Images / Getty Images)

Federal Reserve preparations show the tariff of inflation fears outperform the job market in July.

Under the federal law governing the Federal Reserve, the president can only remove the sitting ruler for the cause, which has been historically interpreted as applies to misconduct or misconduct, rather than political differences.

If Trump continues to threaten him to shoot Cook if he refuses to resign, it would be distinguished in history that the president has tried to remove the Federal Reserve Governor sitting and may lead to a legal battle.

Trump and his allies pressed the Federal Reserve Chair, Jerome Powell and other policy makers to reduce interest rates. (Kent Nishimura / Getty Images / Getty Images)

The President and his allies have repeatedly urged to reduce interest rates in an attempt to enhance the economy and reduce the cost of US National debt service that exceeds $ 37 trillion – although Trump has retracted the previous threats to shoot at the Federal Reserve Speaker Jerome Powell.

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Cook was appointed to the Federal Reserve Council by then President Joe Biden in 2022 and was confirmed by the Senate by voting party steps from 51-47 in September 2023. And several of her period as a court in the Federal Reserve spanning 14 years from 2024 to 2038.