Dr. Lisa Cook

By Blackmansstreet Today

President Donald Trump ramped up pressure on the US Central Bank on Wednesday with a call for Federal Reserve Governor Lisa Cook, the only Black woman on the Federal Reserve Board, to step down.

“Cook must resign, now!!!” Trump wrote on his Truth Social platform, 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.
Cook said she has no intention to quit .”I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” she said in a statement.

But she said she would take questions about her financial history “seriously” and was “gathering the accurate information to answer any legitimate questions and provide the facts.”

Trump — had reportedly written a letter to the US attorney general calling for an investigation of Cook while suggesting that she might have committed a criminal offense.

Cook said she had learned about it in a post on social media, and that the mortgage application took place “before I joined the Federal Reserve.”
The Trump administration has pursued allegations of mortgage fraud against high-profile Democrats who are seen as political adversaries of the president.

It was not immediately clear if such a probe would take place targeting Cook to serve on the central bank’s board. The president is also legislatively limited in his ability to remove officials from the Central Bank.