Federal Reserve Governor Faces Allegations

Federal Reserve Governor Lisa Cook is under scrutiny due to allegations of mortgage fraud. CNBC’s Carl Quintanilla, Sara Eisen, and Steve Liesman discuss the implications of these claims on Cook’s position and the broader impact on the Federal Reserve’s credibility.

Potential Reaction from President Trump

Former President Donald Trump has indicated he would act swiftly, stating he would fire Governor Cook if the allegations are confirmed. This statement reflects ongoing tensions between Trump and the Federal Reserve regarding monetary policy and governance.