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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

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

Federal Reserve governor Lisa Cook speaks in Washington DC on 6 October 2022.
The Federal Reserve governor Lisa Cook speaks in Washington DC in 2022. Photograph: Ting Shen/Bloomberg via Getty Images

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.

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