DEVELOPING: Fed's Cook Caught in Vacation Home Scandal, Undercuts Trump Fraud Claims

Breaking News: Fed's Cook Caught in Vacation Home Scandal, Undercuts Trump Fraud Claims Federal Reserve Governor Lisa Cook has been caught claiming a condominium as her "vacation home" in a loan estimate, contradicting allegations of mortgage fraud made by the Trump administration. This revelation comes just hours after a federal judge blocked President Trump from firing Cook for now. According to documents obtained by The Associated Press, Cook described the property as a "second home" on a second form submitted to gain a security clearance. This characterization directly undercuts claims that she committed mortgage fraud by claiming both properties as her primary residence simultaneously. The controversy surrounding Cook's residency status began when President Trump sought to fire her for cause, citing allegations of mortgage irregularities. However, documents show that Cook had indeed purchased the condominium in June 2021 and listed it as a vacation home on loan estimates. A federal judge has temporarily blocked Trump from firing Cook, pending further review. The decision comes as a significant blow to the Trump administration's efforts to reshape the Federal Reserve and orchestrate a steep cut to interest rates. This is a developing story, with ongoing litigation and potential implications for the Federal Reserve's leadership structure. We will continue to provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*