The Department of Justice has reportedly opened an investigation into Federal Reserve Governor Lisa Cook over alleged mortgage fraud, just one day after President Trump urged the Biden appointee to resign.

It is the latest move by the Trump administration to step up pressure on the Federal Reserve, which has faced criticism from officials for being slow to cut rates and splashing out $2.5 billion on revamping its HQ .

Bloomberg reported earlier on Thursday that Ed Martin, a senior DOJ official who led probes into Sen. Adam Schiff (D-Calif.) and New York Attorney General Letitia James, has written to Federal Reserve Chairman Jerome Powell stating that Cook’s situation “warrants further scrutiny.” 3

“I strongly recommend that you suspend Ms. Cook from the Federal Reserve Board imm

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