A Justice Department official is set to probe Federal Reserve Governor Lisa Cook after she was accused by a member of President Donald Trump’s administration of committing mortgage fraud, according to a letter sent Thursday to Fed Chair Jerome Powell.

Federal Reserve Governor Lisa Cook responded to calls by President Donald Trump for her to resign, saying she won't step down despite allegations of mortgage fraud made by the Federal Housing leader....

“Cook must resign, now!!!” Trump wrote on Truth Social, sharing a media report about Pulte’s claims.