President Donald Trump’s campaign to oust Federal Reserve Governor Lisa Cook, if successful, would give him the opportunity to exert more influence over the US central bank by securing a majority on its seven-member board of governors.

Donald Trump has demanded a Federal Reserve governor resign over fraud allegations in a fresh attack on the independence of America’s central bank.

“Cook must resign, now!!!” Trump wrote on his Truth Social platform, while sharing a Bloomberg news report on how the Federal Housing Finance Agency’s director has called for greater scrutiny of Cook...