Donald Trump has called for the resignation of Federal Reserve Governor Lisa Cook, accusing her of mortgage irregularities, sparking controversy.

President Trump has called for the resignation of Federal Reserve Governor Lisa Cook after allegations of mortgage irregularities in Michigan and Georgia. Bill Pulte alleged that Cook would have simultaneously declared two properties as her primary residence, getting more favorable terms on loans. Democrats denounced Trump's attacks as lies designed to undermine the central bank's independence. Although the Justice Department is reviewing the complaint, experts find it hard to prove criminal liability. Trump wants to expand his influence over the Fed, with a chance to fill a vacancy after the resignation of a female governor.