President Donald Trump on Wednesday called on a top policymaker at the Federal Reserve to resign, after one of his allies alleged that she committed mortgage fraud.

Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed.

Cook responded to Pulte in a statement, "I have no intention of being bullied to step down from my position because of some questions raised in a tweet."

Minutes from the Federal Reserve’s July meeting showed policymakers grappling with a slowing labor market and inflation that remains above the central bank’s target.

Fed rate cuts are unlikely to lower borrowing costs for American homebuyers, according to one CIO. Mortgage rates and home prices remain elevated.

President Trump escalated his attacks on the Federal Reserve by demanding the resignation of Fed Governor Lisa Cook over unproven mortgage fraud allegations, which she denies.

Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary.

Federal Reserve officials believe inflation from new tariffs is just around the corner, and that American consumers are going to pay the costs, minutes of the Fed’s July meeting show.

The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting,