Trump calls on Fed’s Cook to resign
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President calls on Fed governor Lisa Cook to resign after fraud claim. She says, ‘I have no intention of being bullied.’
President Trump escalated his attacks on the Federal Reserve by demanding the resignation of Fed Governor Lisa Cook over unproven mortgage fraud allegations, which she denies.
The dollar declined following President Trump's call for Federal Reserve Governor Lisa Cook's resignation amid mortgage fraud allegations. Markets reacted to concerns of political interference in the Federal Reserve.