The Trump administration is attempting to oust another Federal Reserve official, and the attack is being led by a familiar figure: top housing regulator Bill Pulte. The big picture: Pulte accused Federal Reserve governor Lisa Cook of mortgage fraud,

The surprise early resignation of former Fed Governor Adriana Kugler, another Biden pick, gives Trump an early opening to nominate someone to the central bank’s board and steer its monetary policy trajectory more toward his preferred path. He has named one of his economic aides, Stephen Miran, to fill the slot on an interim basis.

In a letter addressed to Attorney General Pam Bondi - and posted on X on Wednesday - housing finance regulator, Bill Pulte, a Trump ally, alleged that Cook had falsified documents for properties in Michigan and Georgia, saying they were her primary residence, potentially amounting to criminal mortgage fraud.