Trump's FHFA Director Bill Pulte Says There Is New Evidence Of Lisa Cook’s ‘Deceitfulness’

President Donald Trump’s Federal Housing Finance Agency Director Bill Pulte on Thursday said he has learned of new evidence of Federal Reserve Governor Lisa Cook’s “deceitfulness.”

“Well, in addition to alleged mortgage and other fraud, there is new info we are learning about her deceitfulness while in office,” Pulte said in a post on X.

Pulte’s post comes after the Fed Governor filed a lawsuit challenging Trump’s decision to “fire” her. The suit was filed in a Washington federal court, days after she stated that the President has “no authority” to oust the governor from her post.

Last week, Cook responded to the allegations made by Pulte in a post on X, stating that she has “no intention of being bullied to step down.”

Allianz’s Chief Economic Advisor, Mohamed El-Erian, also drew attention to the Trump-Cook issue, which he says could force Powell to launch an internal investigation even as Cook stood her ground and said President Trump had no legal authority to oust her.

If the Trump administration manages to replace Cook with one of its loyalists, El-Erian says it could result in a potentially complicated reappointment process of the presidents of the 12 regional Federal Reserve banks. This, he says, could threaten to “politicize the entire system in an unprecedented and unpredictable fashion.”

Meanwhile, U.S. equities edged up in Thursday morning’s trade. At the time of writing, the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 index, was up 0.01%, while the Invesco QQQ Trust (QQQ) surged 0.27%. Retail sentiment around the S&P 500 ETF on Stocktwits was in the ‘bullish’ territory.

Also See: El-Erian Warns Federal Reserve’s Independence Showing ‘Worrisome Cracks’ Due To Animosity Between Trump And Jerome Powell

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