In a shocking turn of events, President Trump has called for the resignation of Lisa Cook, a Federal Reserve Governor, following heightened focus on mortgage fraud within the administration. Shockwaves spread through Washington as Trump publicly demanded Cook's resignation, accusing her of failing to address the issue adequately.
The President's move comes after Cook's involvement in a number of high-profile cases related to mortgage fraud, including the recent scandal involving Bill Pulte. Trump's decision to target Cook has raised eyebrows among politicians and economists alike, with many questioning the motives behind the abrupt call for resignation.
Cook, who has served as a Federal Reserve Governor for several years, has not yet responded to Trump's demand for her resignation. The situation has sparked speculation about potential ramifications for the Federal Reserve and the broader financial sector.
As tensions escalate between Cook and the Trump administration, all eyes are on the Federal Reserve Governor as the country waits to see how this unprecedented situation will unfold. Stay tuned for more updates on this developing story.
Category: Politics
Published on: 2025-08-20 16:15:26
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Trump calls on Fed governor to resign after mortgage fraud allegations, CBS News
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Trump calls on Fed’s Cook to resign as administration heightens focus on mortgage fraud, MarketWatch
President Trump has publicly demanded the resignation of Intel CEO, Pat Gelsinger, amidst market uncertainty and allegations of ties to China. The call for Gelsinger's resignation comes after reports surfaced of Intel's involvement in deals with Chinese tech companies, prompting concerns about national security and economic stability.
In a tweet, President Trump questioned Gelsinger's leadership and accused Intel of compromising American interests in favor of profits. The government has also been scrutinizing Intel's business practices, raising further questions about the CEO's ability to lead the company effectively.
Gelsinger has denied any wrongdoing and defended Intel's partnerships with Chinese firms as necessary for global competitiveness. However, the pressure from Trump and government officials is mounting, forcing Gelsinger to reconsider his position at the helm of the tech giant.
The market response to the news has been mixed, with Intel's stock price fluctuating as investors react to the uncertainty surrounding the company's leadership. As the situation continues to develop, the fate of Gelsinger and Intel hangs in the balance, with implications for both the tech industry and national security concerns.
Category: Politics
Published on: 2025-08-07 14:27:23
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Trump demands CEO of Intel resign over ties to China, The Verge
Intel's Stock Tumbles After Trump Says Its CEO Must Resign, HuffPost
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