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.
The claims have not been confirmed, and this evening Cook said she had “no intention of being bullied” into stepping down.
The US president has repeatedly broken with precedent in recent months to demand the Fed cut rates and urge its chair, Jerome Powell, to quit after disregarding such calls.
On Wednesday, Trump leaped on the allegations about Cook. The governor “must resign, now!!!”, he wrote on Truth Social, his social media platform.
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Lawyers for Lisa Cook, the Federal Reserve governor, called Trump administration allegations of mortgage fraud against...
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