Trump ratcheted up his pressure campaign this week, calling on Fed Governor Lisa Cook to resign after a Trump administration official alleged that she had committed mortgage fraud. Cook rebuked the push for her to quit, saying she has “no intention of being bullied to step down from my position because of some questions raised in a tweet.”

President Trump this week called on a Federal Reserve governor to resign over an accusation of mortgage fraud, the latest effort by his administration to exert greater control over one of the few remaining independent agencies in Washington. Federal Reserve governor Lisa Cook says she won’t leave her post.

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

Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.

President Donald Trump is calling on a Federal Reserve governor to resign over an accusation of mortgage fraud.

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.

Fed Chair Jerome Powell says a slowing job market may prompt the Fed to cut interest rates, though inflation risks remain above the central bank’s 2% target.

NEW YORK (AP) — U.S. stock indexes are edging lower on Thursday as Wall Street makes its final moves before the head of the Federal Reserve gives a highly anticipated speech on Friday that could hint at where interest rates are going.