“Thank you President Trump for your commitment to stopping mortgage fraud and following the law,” Pulte said. “If you commit mortgage fraud in America, we will come after you, no matter who you are.”
US FEDERAL HOUSING STATEMENT ON THE FIRING OF LISA COOK:
Thank you President Trump for your commitment to stopping mortgage fraud and following the law. If you commit mortgage fraud in America, we will come after you, no matter who you are.
William J. Pulte
Director
— Pulte (@pulte) August 26, 2025
Jamie Cox, managing partner at Harris Financial Group, told CNBC that Cook’s removal is another step in Trump’s effort to remake the Federal Reserve.
“The President is going to remake the Board of Governors of the Federal Reserve over the next year, and he’s doing so in very unconventional ways – we’ve had a resignation and now a termination, opening the door to accelerate this change,” Cox told CNBC. “Trump has essentially usurped the Fed’s forward guidance function for the time being and is telling markets lower rates are coming, which is being manifest in a steeper yield curve, with short-term treasuries dropping like a rock.”
Claudia Sahm, economist and creator of the recession indicator, the Sahm rule, agreed on her X account that it was about Fed control. She criticized the move.
“This is a new attempt of the administration to gain more control over the Fed,” Sahm said on X. “They’re pulling as many different levers as they can find to get that control. Do not forget. It’s about control of the Fed. This is a very dark day.”
