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

<p>Lisa Cook, first Black woman to sit on Fed board, responds after allegation by ally of president of mortgage fraud</p><p><a href="https://www.theguardian.com/us-news/donaldtrump">Donald Trump</a> has called on a <a href="https://www.theguardian.com/business/federal-reserve">Federal Reserve</a> governor to immediately resign, renewing his extraordinary attack on the central bank’s independence as officials mull next steps on interest rates.</p><p>A close Trump ally <a href="https://x.com/pulte/status/1958138434171629636">accused</a> Lisa Cook, an appointee of <a href="https://www.theguardian.com/us-news/joebiden">Joe Biden</a>, of “potentially committing mortgage fraud” and urged the US Department of Justice to investigate.</p> <a href="https://www.theguardian.com/business/2025/aug/20/lisa-cook-trump-resign-fed-reserve-governor">Continue reading...</a>