Trump Threatens to Fire Federal Reserve Board Member Cook Again

U.S. President Trump stated that he would fire Federal Reserve Board member Cook if she does not resign due to allegations of mortgage fraud. "If she doesn't resign, I will fire her," Trump told reporters on Friday. This remark intensified Trump's pressure on the Federal Reserve. For months, he has been criticizing the Federal Reserve's decision to keep interest rates unchanged. On Wednesday, Trump called for Cook's resignation after Federal Housing Finance Agency director Bill Pulte accused her of falsifying loan applications to obtain favorable terms, constituting mortgage fraud. Cook subsequently responded that she would not resign under coercion.