Trump, Federal Reserve
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Trump has used the renovation project as both a literal and symbolic example of what he has often described as government waste. Speaking to reporters last week, Trump called the construction effort “a disgrace,” and accused Fed officials of overspending at a time when inflation remains high and interest rates are biting into household budgets.
Trump demands the resignation of Federal Reserve Governor Lisa Cook following accusations of mortgage fraud. The FHFA has requested the DOJ to investigate Cook's alleged misrepresentation of mortgage terms.
“The White House has been aggressively pushing Dr. Miran’s nomination to the Federal Reserve Board, setting the stage for his quick confirmation when the Senate returns in September,” said a White House official Tuesday. “With the President’s strong backing, there’s clear momentum to get this done.”
The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, WY, on Friday.
Federal Housing Finance Agency director Bill Pulte, an ardent Trump ally, urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages.