US President Trump calls on Fed Governor Cook to resign

FXStreetAug 20, 2025 1:18 PM

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In a post published on Truth Social on Wednesday, United States (US) President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, providing a link to a Bloomberg article that is titled "Trump Ally Calls on Bondi to Probe Fed’s Cook Over Mortgages."

"The director of the Federal Housing Finance Agency is urging Attorney General Pam Bondi to investigate Federal Reserve Governor Lisa Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees." Bloomberg wrote.

Market reaction

The US Dollar Index edged lower with the immediate reaction to this headline. At the time of press, the USD Index was down 0.15% on the day at 98.13.

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