[U.S. Treasury Secretary Urges Federal Reserve to Investigate Cook Mortgage Fraud Allegations] On August 27, U.S. Treasury Secretary Besent called on Federal Reserve Chairman Powell to conduct an internal review of the Federal Reserve, with a focus on investigating allegations of mortgage fraud involving Governor Cook. Besent stated in an interview that if Federal Reserve officials are involved in fraud, they should not continue to hold financial regulatory positions, emphasizing that such incidents undermine public trust in the Federal Reserve.