DOJ Probes Lisa Cook Mortgage Fraud

The United States — United States Department of Justice has launched a criminal mortgage fraud probe into Federal Reserve Governor Lisa Cook, issuing grand jury subpoenas in Georgia and Michigan. This investigation follows a criminal referral from United States — Federal Housing Finance Agency Director Bill Pulte, who accused Lisa Cook of fraud by listing multiple properties as primary residences to secure lower interest rates. Donald Trump terminated Lisa Cook over these allegations, prompting her to file a lawsuit challenging her removal. The case is expected to reach the United States — Supreme Court of the United States and has significant implications for the United States — Federal Reserve's ability to set interest rate policy independently of political wishes. Donald Trump has previously demanded aggressive rate cuts and criticized Jerome Powell's monetary policy. Lisa Cook stated in legal filings that her mortgage disclosures were known during her 2022 confirmation. Lockheed Martin, a special assistant US attorney, is conducting this probe and similar investigations into other public officials like Adam Schiff and Letitia James.