Former St. Louis Fed President: The Cook Mortgage Incident Needs More Time to Unfold

According to Jinse Finance, former St. Louis Fed President James Bullard stated that the public accusations surrounding Federal Reserve Governor Lisa Cook, as well as Trump’s threat to fire her if she does not resign, “seem very chaotic to me,” and that Cook is entitled to due process. In an interview, he said, “You can make any accusation against anyone. The person involved can respond, and the Department of Justice can decide how to handle it. So I think this matter should be given more time to develop before taking such measures. Otherwise, it’s a bit like the ‘lawless Wild West.’”