New Delhi, Aug. 20 -- US President Donald Trump on Wednesday called for the resignation of Federal Reserve Governor Lisa Cook, following claims made by his close ally, Federal Housing Finance Agency (FHFA) Director Bill Pulte, who has asked the Department of Justice (DOJ) to investigate Cook over alleged mortgage fraud.

If Lisa Cook were to step down, it would create another high-stakes opening on the Federal Reserve Board at a time when Donald Trump is openly pressing for aggressive interest rate cuts from Fed Chair Jerome Powell.

According to a referral letter seen by Bloomberg News, Trump ally Bill Pulte has urged Attorney General Pam Bondi and DOJ official Ed Martin to investigate Lisa Cook over two mortgages obtained in 2021.

The ...