Trump calls on Fed board member Cook to resign
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Mortgage fraud bombshell: 30-year prison term possible for top Biden-appointed Fed official
The Big Money Show’ discusses President Donald Trump targeting Fed official Lisa Cook over explosive mortgage fraud allegations.
On Wednesday, Trump called on Cook to resign after Federal Housing Finance Authority director William Pulte sent a "criminal referral" to Attorney General Pam Bondi, accusing Cook of mortgage fraud. Neither Bondi nor the Justice Department has announced if they plan to open a criminal investigation into Cook.
Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation.