Markets.News
Federal Reserve Governor Lisa Cook is facing a challenge from President Trump after documents revealed discrepancies regarding her Atlanta condominium being listed as a vacation home. The documents, reviewed by The Wall Street Journal, show Cook described the property as a vacation home on a loan estimate and government background check in 2021. This contradicts claims by the Trump administration that she misrepresented the property as her primary residence. Trump officials cite loan forms signed by Cook, pledging to occupy the homes as primary residences, as evidence of misrepresentation. The Justice Department has raised concerns of mortgage fraud or financial negligence. Cook's attorneys are defending her against these allegations.