Federal Reserve Governor Lisa Cook is resisting President Donald Trump's bid to dismiss her from her position, citing that the issues surrounding her mortgages were previously disclosed during her confirmation process. Cook, the first African-American woman to hold the position, is being challenged by Trump over allegations of fraud related to her mortgage applications, where she declared all three of her properties as primary residences to potentially secure reduced interest rates. In her court filing with the U.S. District Court in Washington, Cook asserted that she had openly disclosed the three mortgages to both the White House and the Senate in 2022. The filing highlighted that any discrepancies were already acknowledged during her confirmation process and do not warrant Trump's actions.