Trump says Fed governor Cook 'must resign'
Digest more
Trump ally Bill Pulte, the director of the U.S. Federal Housing Finance Agency, had sent a criminal referral letter to Attorney General Pam Bondi last week accusing Cook of mortgage fraud. Write to Nate Wolf at [email protected]
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.