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

Trump officials urge Fed to remove governor after she refuses to quit

Lisa Cook Donald Trump United States Bill Pulte US Federal Reserve Jerome Powell Adam Schiff Ed Martin Letitia James the Federal Reserve
a woman speaks into a microphone
The Federal Reserve governor Lisa Cook speaks at the Federal Reserve building in Washington DC on 23 September 2022. Photograph: Manuel Balce Ceneta/AP

The Trump administration is ratcheting up pressure on the Federal Reserve to remove governor Lisa Cook, after the economist declared she had “no intention of being bullied” into stepping down.

Cook, who was appointed to the US central bank’s powerful board of governors by Joe Biden, has been accused by Donald Trump’s officials of committing mortgage fraud. The allegations are unconfirmed.

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