Federal Reserve board of governors member Lisa Cook has said she will not step down despite President Trump calling for her to do so. Cook said she had “learned from the media that [Federal Housing Finance Agency (FHFA)] Director William Pulte posted on social media that he was making a criminal referral based on

Federal Reserve Governor Lisa Cook faces calls to resign after Donald Trump backed mortgage fraud allegations raised by FHFA Director Bill Pulte. While no charges have been filed, the case highlights Trump’s push to reshape the central bank and test Fed independence ahead of key rate decisions.