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.

President Donald Trump said Friday that he will fire Federal Reserve governor Lisa Cook if she does not resign over mortgage fraud allegations, an escalation in the Trump administration’s pressure campaign on the central bank.

President Trump said Friday he would fire Federal Reserve Gov. Lisa Cook over allegations she committed mortgage fraud if she does not resign, which Cook has indicated she will not do. “Yeah, I’ll fire her if she doesn’t resign.