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,

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.