Federal Reserve Official Says She Won’t Be ‘Bullied’

WASHINGTON (AP) — Federal Reserve governor Lisa Cook late Wednesday said she wouldn’t leave her post after Trump on social media called on her to resign over an accusation from one his officials that she committed mortgage fraud. Bill Pulte, the head of the agency that regulates mortgage giants Fannie Mae and Freddie Mac and a Trump appointee, alleged early Wednesday that Cook had claimed two primary residences in 2021 to get better mortgage terms. Trump followed up Pulte’s accusation by calling on Cook to resign, in the latest effort by the administration to exert greater control over one of the few remaining independent federal agencies.