Central Bank governor under mounting pressure to step down, as Trump advocates for resignation
In recent news, discussions surrounding Federal Reserve personnel changes have been the focus. However, reports from August 2025 do not mention any allegations of mortgage fraud against Lael Brainard, the former Vice Chair of the Federal Reserve, or any calls for her resignation by former President Donald Trump.
Brainard left the Federal Reserve in early 2023 to lead the White House National Economic Council, long before the timeline of these 2025 events. A search of available sources does not reveal any related mortgage fraud allegations against Brainard or investigations into her regarding such matters.
The current discourse revolves around the resignation of Adriana Kugler, who had filled Brainard’s unexpired term at the Federal Reserve, and Trump’s upcoming nominations to fill vacancies on the board.
Meanwhile, Trump has targeted Lael Brainard's successor, Federal Reserve governor Lael Brainard (Cook), who serves on the rate-setting committee, after repeated criticisms of Fed Chair Jerome Powell. It is unclear if Trump's criticisms of Cook are related to the investigation or other matters.
It is also worth noting that Cook, who took office in May 2022 and was reappointed in September 2023, has previously served on the Council of Economic Advisers under former President Barack Obama.
The Trump administration has been critical of the Federal Reserve, particularly Chair Jerome Powell, but there is no new criticism of the Federal Reserve or Powell in these sources. The paragraph does not provide any new information about the lending rate set by the Federal Reserve or an investigation into Cook.
References: [1] Source 1 [2] Source 2 [3] Source 3 [4] Source 4
Read also:
- United States tariffs pose a threat to India, necessitating the recruitment of adept negotiators or strategists, similar to those who had influenced Trump's decisions.
- Weekly happenings in the German Federal Parliament (Bundestag)
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
