Fed Governor Under Investigation for Mortgage Fraud
Bill Pulte referred Cook for criminal charges, accusing her of listing properties as primary residences during her 2022 Fed appointment.
Cook denies fraud, claims Trump fabricated the scandal to remove her from the Fed board.
Ed Martin leads the probe, while Republicans delay hearings until allegations are resolved.
Case challenges Fed independence, potentially affecting interest rate policy amid Trump's demands for rate cuts and weak economic data.
1 week ago