Cook, the first Black woman to serve on the Fed board, said she had "no intention of being bullied to step down" after Trump called for her resignation.

Federal Housing Finance Agency Director Bill Pulte accused Cook of mortgage fraud this week, alleging she claimed two properties as her primary address.

President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign, citing an allegation of potential mortgage fraud. "Cook must resign, now!!!" Trump wrote on his social media platform.