US Justice Department taking referral for Fed's Cook very seriously, official says
ReutersAug 20, 2025 2:19 PM
Aug 20 (Reuters) - The U.S. Department of Justice has received the criminal investigation referral for a probe into mortgages taken out by Federal Reserve Governor Lisa Cook and is taking it very seriously, a department official told Reuters on Wednesday.
U.S. Federal Housing Finance Agency Director Bill Pulte referred the matter to the DOJ, saying Cook had improperly listed homes in Michigan and Georgia as her primary residence in mortgages for the two properties. President Donald Trump later called on Cook to resign.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
U.S. July PCE and Q2 GDP Preview: With Rate Cuts Looming, Will U.S. Stocks Continue to Rise?
TradingKey - On 28-29 August 2025, the U.S. will release July PCE and Q2 GDP data. Market expectations suggest both headline and core PCE will rise 0.3% month-over-month, consistent with June figures. For growth, in line with the preliminary estimate on 30 July, the revised Q2 annualised real GDP grTradingKey
3 hours ago
U.S. Dollar Index: Assessing Its Future Trend Through Macro Analysis of the U.S., Eurozone, Japan, and U.K.
TradingKey - Looking ahead, in the U.S., slowing economic growth combined with ongoing interest rate cuts will exert downward pressure on the dollar. In the Eurozone, weak economic performance and continued ECB rate cuts will likely depreciate the euro, indirectly supporting the U.S. Dollar Index...TradingKey
8 hours ago
Japan July CPI Commentary: Inflation Eases but Remains Elevated, Yen Appreciation Expected
TradingKey - On 22 August 2025, Japan released its inflation data for July. The figures showed that the year-on-year increase in the national Consumer Price Index (CPI) eased to 3.1%, down from 3.3% in June.TradingKey
8 hours ago
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed ChairTradingKey
Mon, Aug 18
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...TradingKey
Mon, Aug 18
