On August 20, COINOTAG reported that former President Donald Trump posted on Truth Social demanding the immediate resignation of Federal Reserve Board Member Jerome Powell, stating “Federal Reserve Board Member Powell must resign immediately!!!”. The post has been widely circulated across financial and political channels and has drawn attention to potential governance and reputational considerations for the Federal Reserve.
Separately, COINOTAG and a copy disclosed by Bloomberg show that Bill Pulte, Director of the Federal Housing Finance Agency, sent a letter to DOJ official Ed Martin on August 15 alleging that Powell “falsified bank documents and financial records to obtain more favorable loan terms,” an accusation the letter characterizes as potential mortgage fraud. These claims are those contained in the disclosed letter and have not been adjudicated.