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

Cook responded to Pulte in a statement, "I have no intention of being bullied to step down from my position because of some questions raised in a tweet."

President Donald Trump’s campaign to oust Federal Reserve Governor Lisa Cook, if successful, would give him the opportunity to exert more influence over the US central bank by securing a majority on its seven-member board of governors.