A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell.

US President Donald Trump has said a top official at the Federal Reserve "must resign, now!!!" over unproven allegations of mortgage fraud, as he continues to seek more influence over the US central b...

Ms. Cook responded in a statement that she would not be “bullied to step down from my position because of some questions raised in a tweet.”

The Justice Department signaled possible plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board in a letter sent Thursday.

Lisa Cook, the Federal Reserve governor who Donald Trump said should resign over allegations of mortgage fraud, on Wednesday said she has “no intention of being bullied to step down” from her position...

In the last few weeks, the Trump administration has accused three government officials of committing mortgage fraud by falsifying or misrepresenting intentions on mortgage documents and has called for...