President Donald Trump said he will fire Federal Reserve governor Lisa Cook for alleged mortgage fraud, but has yet to say the same about his “friend.”

President Donald Trump said he is removing Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud. Here's what to know about the issue.

Late Thursday, Trump official Bill Pulte said that Cook had allegedly committed fraud on a third property, a condominium in Cambridge, Mass.

President Donald Trump said he will fire Federal Reserve governor Lisa Cook for alleged mortgage fraud, but has yet to say the same about his “friend.”