President Trump on Monday doubled down on his pressure campaign against Federal Reserve Governor Lisa Cook, urging the board member to resign or be fired following allegations of mortgage fraud.

The effort to remove her from the position has exacerbated Trump's feud with the Federal Reserve after months of tension between the president and Fed Chair Jerome Powell around interest cuts. Though Powell signaled last week that a rate cut could be possible in September.

“I have determined that there is sufficient cause to remove you from your position,” Trump wrote in his letter to Cook, posted to Truth Social on Monday.

“The Federal Reserve has tremendous responsibility for setting interest rates and regulating reserve and member banks," he continued. "The American people must be able to hav

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