Trump renews threat to fire Federal Reserve Governor Tim Cook
2025-08-22 14:29:28
President Donald Trump has said he will fire Federal Reserve Governor Tim Cook if he does not resign over allegations of mortgage fraud. "If she doesn't resign, I will fire her," Mr. Trump told reporters on Friday. The comments add to Mr. Trump's pressure campaign on the Federal Reserve, which he has criticized for months for its decision to keep interest rates on hold. Mr. Trump called on Mr. Cook to resign on Wednesday after Bill Pulte, the head of the Federal Housing Finance Agency, accused her of mortgage fraud by falsifying her loan applications to obtain favorable terms. Mr. Cook then responded by saying she would not step down under duress.
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