The Congressional Black Caucus had harsh words for President Donald Trump in a statement supporting Federal Reserve Governor Lisa Cook. Last week, the Spelman College grad came under fire from the president in a social media post alleging that Cook committed mortgage fraud.

President Donald Trump's vow to fire Lisa Cook, an economist who is the first Black woman to serve on the Federal Reserve's board of governors, kicked off another tense debate and likely legal battle over a major institution's independence.

Lisa Cook's potential removal from the Federal Reserve Board of Governors gives Trump another opportunity to name someone more closely aligned with his financial policy.

U.S. Treasury yields rose for maturities of five years and longer in Asian trade after Trump moved to fire Fed governor Lisa Cook.