Here’s what current and former Fed officials are saying about Lisa Cook investigation
US Federal Reserve Governor Lisa Cook, on Wednesday, June 25, 2025 during the Federal Reserve Board Open Meeting on Washington, DC.
AL DRAGO | Bloomberg | Getty Images
When asked about the status of Lisa Cook, the existing and former federal reserve officials received a common note: the independence of the Central Bank is mandatory.
Cook, a Fed governor, who was nominated by President Joe Biden in 2022, faced attacks on charges of mortgage fraud from Federal Housing Finance Agency Director Bill Pulte. Ed Martin, the lawyer of the Ministry of Justice, also called on President Jerome Powell to shoot from his post and confirmed a criminal investigation.
The Central Bank official rejected the idea of resigning on Wednesday.
“I know Lisa Cook is an extraordinary economist and high integrity, and it is critical for Fed to maintain its independence in monetary politics.
The latest developments took off the concerns surrounding the independence of the Fed in Wall Street. Trump has become Powell’s vocal critic, calling him “too late” about changing interest rates and accusing him of being “political”.
Although Trump said that he would shoot Powell that he would shoot Powell before he started as a chair in May 2026, the president has already begun to think of a few islands to accomplish him, and threatened to allow a “great case” against Powell last week for lower rates.
The Fed, which definitely continued a stance due to data, has kept the rates constant since December.
Trump also suppressed Cook to resign this week after the charges. He even said he’d fire him if he didn’t even leave his post on Friday. The possibility that Cook would be released as governor this year rose to Kalshi after these comments and rose more than 21% of approximately 21% of the day.
US President Donald Trump visited the People’s House: White House Experience Museum at Washington DC on August 22, 2025, and speaks with a wall containing the names of former US presidents and the first ladies.
Jonathan Ernst | Reuters
Former Boston FED President Eric Rosengren thinks that more information is needed before a decision by Cook or the administration.
“I don’t know what Lisa Cook will choose to do. This is a difficult situation for him, but today we have claims, but there is no real.” He said. “I don’t think people have to make any conclusions until there are some facts.”
Protect independence
When the FED was asked to resign against Cook, former Vice President Roger Ferguson emphasized the importance of the institution that trained the American people about “what he did” and why we passed an inflation period “.
“People had to cope with this for the first time in 30 or 40 years, so everyone is now ‘wow, this inflation event comes to the middle and… It is a secret tax for lower -class individuals.” He said.Squawk Box “on Friday.” The Fed is the institution that is to control its duty inflation and the other side, and therefore I return it and I say it is time for all of us to educate the American people. We provide independence. “
Ferguson added that the Central Bank’s independence is not good in places around the world, where the independence weakened. For the United States, it is still optimistic about the future of the FED.
“I think it maintains independence because the population will remain behind and ‘a minute, we had inflation, not a good thing, we need an independent feed to maintain it. Congress, etc., do your job, protect the Fed as much as possible,’ ‘he said.
