Little-known facts about the Fed Governor Trump asked to resign

Federal Reserve Governor Lisa Cook said she will not resign despite President Donald Trump's request.

According to The Hill, on August 20, President Trump asked Fed Governor Lisa Cook to resign, after she was accused of mortgage fraud. "Cook must resign immediately," President Trump wrote on Truth Social. Photo: Getty.

However, Lisa Cook said she would not resign. "I have no intention of resigning because of questions raised on social media. I will take seriously any questions about my financial history as a Fed member. Therefore, I am gathering accurate information to answer all legitimate and truthful questions," Cook said. Photo: Getty.

Ms. Cook, born in 1964, graduated with a BA in Physics and Philosophy from Spelman College in 1986. She went on to receive a BA in Philosophy, Politics and Economics from St Hilda's College, Oxford University in the UK in 1988. In 1997, she received a PhD in Economics from the University of California at Berkeley. Photo: Wikipedia.

Ms. Cook was a visiting assistant professor at Harvard Kennedy School and Harvard Business School from 1997-2002. Photo: Bloomberg.

From 2000 to 2001, she was a senior adviser for finance and development at the US Treasury Department and a fellow for international affairs at the Council on Foreign Relations. Photo: Bloomberg.

She was a National Fellow and Research Fellow at the Hoover Institution at Stanford University from 2002 to 2005. Ms. Cook advised the Government of Nigeria on banking reform in 2005 and the Government of Rwanda on economic development. Photo: SG.

In 2005, Ms. Cook joined Michigan State University as an assistant professor, becoming an associate professor in 2013. She served as a senior economist on the Obama Administration's Council of Economic Advisers from August 2011 to August 2012. Photo: Bloomberg.

On January 14, 2022, then-US President Joe Biden nominated Ms. Cook to be the Governor of the Federal Reserve. She was approved by the US Senate on May 10 and took office on May 23, 2022. Photo: Wikipedia.

Ms. Cook is the first African-American woman and the first woman of color to serve on the Federal Reserve Board of Governors. Photo: Pool.

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