Cook, who has been accused of mortgage fraud, says she will not be ‘bullied’ into resigning by the president.United States President Donald Trump says he will fire Federal Reserve Governor Lisa Cook if she doesn’t quit, intensifying his effort to gain influence over the central bank.“I’ll fire her if she doesn’t resign,” Trump told reporters on Friday during a visit to a Washington, DC, museum focused on the White House.Cook, the first Black woman to serve on the Federal Reserve’s Board of Governors, said she had “no intention of being bullied to step down” after Trump on Wednesday called for her resignation on the basis of allegations about mortgages she holds in Michigan and Georgia.Cook on Wednesday said she took any questions about her financial history seriously as a member of the Fed’s board and was gathering accurate information to answer any legitimate questions.Asked about the matter on Friday as she attended the Fed’s annual research conference in Jackson Hole, Wyoming, Cook said she had no further comment beyond her earlier statement.Cook is among three Fed governors appointed by former President Joe Biden whose terms extend beyond Trump’s time in office, complicating the president’s efforts to gain more control by appointing a majority of the seven-member Board of Governors. Two of the Fed’s board members were appointed by Trump – Governor Christopher Waller and Vice Chairwoman for Supervision Michelle Bowman.Trump has repeatedly criticised Fed Chairman Jerome Powell, whose term en …
