Head of the Federal Housing Finance Agency alleged Wednesday that Fed governor Lisa Cook submitted what he called fraudulent information

The dollar declined following President Trump's call for Federal Reserve Governor Lisa Cook's resignation amid mortgage fraud allegations. Markets reacted to concerns of political interference in the Federal Reserve.

President Trump said today that Lisa Cook, a Federal Reserve governor who has repeatedly voted not to cut interest rates despite his public pressure, should “resign, now!!!” It was the president’s latest push to remake the central bank.