The U.S. Department of Justice has opened a criminal investigation into Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. The inquiry follows accusations made by Bill Pulte, whose relatives filed housing claims similar to those attributed to Cook. Amid intensified scrutiny, former President Trump has voiced his desire to remove Cook from her position, asserting claims of misconduct. Despite the mounting pressure and external calls for her resignation, Cook maintains her innocence, arguing that inconsistencies in the mortgage claims do not warrant her dismissal. The situation raises concerns over Fed independence as the Justice Department continues its probe.