Fed Governor Refuses to Cave—Vows to Sue Trump Over Firing Attempt
Lisa Cook, the first Black woman to serve on the Fed board, dismissed the president’s attempt to remove her.

Federal Reserve Governor Lisa Cook is suing President Donald Trump for attempting to remove her, a move that appears to be part of his crusade against the central bank.
Cook’s attorney Abbe Lowell announced Tuesday morning that Cook intended to launch a legal challenge to the president’s shocking attempt to meddle with the Federal Reserve Bank.
“President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” Lowell said in a statement. “His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action.”
Trump announced Monday that he was removing Cook “for cause,” citing unproven allegations of mortgage fraud from Federal Housing Finance Agency Director William Pulte.
Cook dismissed Trump’s attempt to fire her in a statement. “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022,” she said.
Pulte’s allegation against Cook suggests a trend of politically motivated mortgage fraud claims, as similar allegations have been made against Senator Adam Schiff and New York Attorney General Letitia James.
It’s also worth noting that mortgage fraud would not necessarily constitute “cause” for her removal, as its entirely unrelated to her duties.
Trump has undertaken a months-long campaign to undermine the credibility of the Federal Reserve Bank, as his desire for interest-rate cuts to stave tariff-driven inflation has been met with resistance from Federal Reserve Chair Jerome Powell.
Powell, who has repeatedly issued grave warnings about Trump’s economic policies, has also received threats of removal from the president—something that is not within the executive’s power to do. On Friday, Powell warned that the jobs market had suffered a “much larger” slowdown than the bank had determined just a month earlier.