Federal Reserve Governor Lisa Cook has announced she is not resigning, despite allegations of mortgage fraud made by the Federal Housing leader on X.

A new report says the president might try to fire Cook, the first woman of color to sit on the Federal Reserve Board of Governors.

Federal Reserve governor Lisa Cook on Wednesday defied President Donald Trump’s calls for her to resign in light of accusations that she had committed mortgage fraud. Cook was appointed by former President Joe Biden to sit on the Fed,