Lisa Cook plans to file a lawsuit to challenge President Donald Trump's attempt to remove her from the Federal Reserve Board of Governors. Her attorney, Abbe Lowell, asserted that the president lacks authority to remove an appointed Federal Reserve governor and characterized the removal attempt as grounded solely on a referral letter without any factual or legal basis. Lowell stated that Cook will be filing a lawsuit challenging what he described as an illegal action and seeking judicial relief to block the removal and preserve proper legal process. The matter is developing.
"Lisa Cook isn't going down without a fight."
"Cook plans to file a lawsuit challenging President Donald Trump's attempt to fire her from her position on the Federal Reserve's board of governors, her attorney said Tuesday."
"President Trump has no authority to remove Federal Reserve Governor Lisa Cook," her lawyer Abbe 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."
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