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International Business Times
International Business Times
Business

Trump Raises Pressure On Central Bank, Calls For Fed Governor To Resign

US President Donald Trump said Federal Reserve Governor Lisa Cook should resign, citing unconfirmed allegations related to mortgage fraud, after broadsides on Fed Chair Jerome Powell this year (Credit: AFP)

President Donald Trump ramped up pressure on the US central bank Wednesday, calling for Federal Reserve Governor Lisa Cook to step down -- after his recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.

"Cook must resign, now!!!" Trump wrote on his Truth Social platform, while sharing a Bloomberg news report on how the Federal Housing Finance Agency's director has called for greater scrutiny of Cook over a pair of mortgages.

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