The Federal Reserve governor Lisa Cook faced more than $1.3m in legal and security fees after coming under attack from the Trump administration, according to ethics disclosures that were filed on Wednesday.
The White House targeted Cook last summer as Donald Trump ramped up his unprecedented campaign to push the Fed to cut interest rates.
Bill Pulte, the director of the Federal Housing Finance Agency who is set to become acting US intelligence chief on Friday, accused Cook of mortgage fraud. On social media, Pulte accused Cook of misleading lenders by listing a second home as her primary residence, which would get her a better mortgage rate.
Cook was appointed by Joe Biden in 2022, becoming the first Black woman to serve on the Federal Open Market Committee (FOMC). Her term is set to end in 2038.
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