Trump Says He Will Fire Fed Governor Lisa Cook If She Doesn't Resign

President Donald Trump said he would occurrence Federal Reserve Governor Lisa Cook if she doesn't resign.

"I'll occurrence her if she doesn't resign," Trump said. "What she did was bad. So I'll occurrence her if she doesn't resign."

Trump's remark came days aft FHFA Director William Pulte alleged that Cook committed owe fraud.

In a missive to Attorney General Pam Bondi, Pulte alleged that Cook “falsified slope documents and spot records to get much favorable indebtedness terms, perchance committing owe fraud.”

Trump antecedently said connected Wednesday that Cook "must resign, now!!!"

The Federal Reserve did not instantly respond to a petition for comment.

On Thursday, Pulte told nan Fox Business Network that he believed "the president has ample origin to occurrence Lisa Cook."

The only logic that a personnel of nan Federal Reserve Board of Governors tin beryllium fired is "for cause," aliases immoderate shape of wrongdoing.

Cook responded to Trump and Pulte successful a connection connected Wednesday: “I learned from nan media that FHFA Director William Pulte posted connected societal media that he was making a criminal referral based connected a owe exertion from 4 years ago, earlier I joined nan Federal Reserve. I person nary volition of being bullied to measurement down from my position because of immoderate questions raised successful a tweet."

Cook added that she intends "to return immoderate questions astir my financial history earnestly arsenic a personnel of nan Federal Reserve and truthful I americium gathering nan meticulous accusation to reply immoderate morganatic questions and supply nan facts."

Trump and Pulte's attacks connected Cook are nan latest successful a long-running unit run against nan cardinal slope and its apical officials arsenic Trump seeks little liking rates.

Cook's removal from nan Fed would unfastened a 3rd spot for a Trump appointee. In nan coming months, Trump will nominate a caller Fed chair arsenic good arsenic a governor. Both of those officials would clasp a imperishable ballot connected nan Fed's 12-member rate-setting committee.

Already seated connected nan Fed's committee are Trump appointees Michelle Bowman and Christopher Waller.