Federal Reserve’s Lisa Cook faces renewed scrutiny from lawmakers over mortgage allegations

Federal Reserve Governor Lisa Cook faces renewed scrutiny from lawmakers over mortgage fraud allegations. Donald Trump has given Cook three weeks to answer these claims, raising concerns about the Federal Reserve's independence and governance. Despite the pressure, Kevin Hassett has ruled out replacing Cook. This situation highlights tensions between political influence and the Fed's autonomy, with the outcome potentially setting a precedent for future board dynamics, policy continuity, and the overall stability of the institution's governance structure.