Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. This comes after days of mounting pressure from the Trump administration against Cook, following mortgage fraud allegations made by one of Trump’s top allies.
The threat marks a major step up in Trump’s ongoing battle with the Federal Reserve. For months, Trump has been pushing the central bank to cut interest rates and has repeatedly attacked Fed Chair Jerome Powell. The president’s latest move against Cook shows his willingness to target individual board members who stand in the way of his economic agenda.
