From PBS NewsHour.

President Trump on Wednesday expanded his pressure campaign on the U.S. Federal Reserve, calling on Fed Governor Lisa Cook to resign.

The head of the U.S. Federal Housing Finance Agency, Bill Pulte, has accused Cook of mortgage fraud, alleging that she had claimed her homes in both Atlanta and Michigan as primary residences when taking out loans.

The Fed declined to comment on the accusation, but it comes amid a broader push by President Trump to force the Central Bank to cut interest rates. Cook has a vote on the Fed’s rate-setting committee and her current term ends in the year 2038.

Watch PBS News for daily, breaking and live news, plus special coverage. We are home to PBS News Hour, ranked the most credible and objective TV news show.

Subscribe for exclusive content in our newsletters: https://www.pbs.org/newshour/subscribe
PBS News podcasts: https://www.pbs.org/newshour/podcasts
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS News at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6

Follow us:
TikTok: https://www.tiktok.com/@pbsnews
X: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: http://www.pbs.org/newshour