Fed’s Cook claimed second residence as ‘vacation home,’ undercutting Trump fraud claims

['The Associated Press', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TPR: The Public's Radio 2025-09-13 15:23:53

Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the board at the Federal Reserve in Washington on on June 25. (Mark Schiefelbein | AP)WASHINGTON — Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate, a characterization that could undermine claims by the Trump administration that she committed mortgage fraud. Federal judge blocks Trump from firing Fed Governor Lisa Cook, for now Federal Reserve Governor Lisa Cook won a round in federal court in her bid to keep her job despite President Trump’s effort to fire her. Claiming a home as a “primary residence” can result in better down payment and mortgage terms than if one of the homes is classified as a vacation home. Trump visits Federal Reserve and tussles with Jerome Powell in extraordinary moment President Trump visited the Federal Reserve to inspect an ongoing renovation and disagreed with the Fed chair about the project’s final cost in an extraordinary moment.