President Donald Trump on Friday threatened to fire a member of the Federal Reserve's board of governors if she doesn't resign from her role.

Federal Reserve Governor Lisa Cook is facing mortgage fraud allegations that are under investigation by the Department of Justice (DOJ) following a criminal referral by Federal Housing Finance Agency head Bill Pulte – a staunch Trump ally and critic of the Fed.

"I'll fire her if she doesn't resign," Trump told reporters on Friday. "What she did was bad."

This is a developing story. Please check back for updates.

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