President Trump is calling on Federal Reserve Governor Lisa Cook to resign after allegations Cook made false statements on mortgage applications. President Trump indicates he’ll let Fed Chair Jerome Powell serve out his term President Trump seemed willing to allow Jerome Powell to complete his term as chair of the Federal Reserve — at least for now. “How can this woman be in charge of interest rates if she is allegedly lying to help her own interest rates?” Pulte asked in a social media post. A previous Fed governor resignedNeither Cook nor the Federal Reserve has replied so far to Pulte’s allegations — or the president’s call for her resignation. He got an early opportunity to appoint another Fed governor with the surprise resignation this month of Adriana Kugler.