Fed governor urged by Trump to resign will not be ‘bullied’ into stepping down

Lisa Cook, first Black woman to sit on Fed board, responds after allegation by ally of president of mortgage fraud

Donald Trump has called on a Federal Reserve governor to immediately resign, renewing his extraordinary attack on the central bank’s independence as officials mull next steps on interest rates.

A close Trump ally accused Lisa Cook, an appointee of Joe Biden, of “potentially committing mortgage fraud” and urged the US Department of Justice to investigate.