Key Points
- Current and former Federal Reserve officials have offered their thoughts about the Trump administration’s recent mortgage fraud allegations toward Fed Governor Lisa Cook.
- Former Boston Fed President Eric Rosengren told CNBC on Friday that “until there’s some facts out, I don’t think people should draw any conclusion,” while others such as Cleveland Fed President Beth Hammack called Cook an “outstanding economist and a person of high integrity.”
- President Donald Trump has said that he will fire Cook if she does not step down as Fed governor.
