Trump has targeted the Federal Reserve and its chairman, Jerome Powell, as he pressures the central bank to slash interest rates.
President Donald Trump on Wednesday demanded that Federal Reserve Governor Lisa Cook resign after a U.S. housing agency chief called on the Department of Justice to launch a criminal mortgage fraud investigation into the central bank official.
« Cook must resign, now!!! » Trump wrote in a Truth Social post that linked to a Bloomberg report on the allegations that Bill Pulte, director of the Federal Housing Finance Agency, has lodged against Cook.
The Fed declined CNBC’s request for comment on Pulte’s claims and Trump’s reaction.
