President Donald Trump said he would fire Federal Reserve Governor Lisa Cook if she does not resign, escalating efforts to influence the central bank. Cook rejected calls to step down and said she would not be bullied, noting questions about her financial history would be answered with accurate information. Allegations raised by the US Federal Housing Finance Agency director concern mortgages and a designated primary residence in Atlanta and Michigan. Cook is the first Black woman on the Fed's Board and is one of three Biden-appointed governors whose terms extend beyond Trump's presidency, complicating attempts to secure a board majority.
United States President Donald Trump says he will fire Federal Reserve Governor Lisa Cook if she doesn't quit, intensifying his effort to gain influence over the central bank. I'll fire her if she doesn't resign, Trump told reporters on Friday during a visit to a Washington, DC, museum focused on the White House. Cook, the first Black woman to serve on the Federal Reserve's Board of Governors, said she had no intention of being bullied to step down after Trump on Wednesday called for her resignation on the basis of allegations about mortgages she holds in Michigan and Georgia.
Cook on Wednesday said she took any questions about her financial history seriously as a member of the Fed's board and was gathering accurate information to answer any legitimate questions. Asked about the matter on Friday as she attended the Fed's annual research conference in Jackson Hole, Wyoming, Cook said she had no further comment beyond her earlier statement. Cook is among three Fed governors appointed by former President Joe Biden whose terms extend beyond Trump's time in office,
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