President Donald Trump on Monday said he had fired Federal Reserve Board Governor Lisa Cook , an unprecedented and dramatic escalation of his attacks on the U.S. central bank's independence over its refusal to cut interest rates.

Trump, in a termination letter to Cook posted on Truth Social , cited allegations by Federal Housing Finance Agency Director Bill Pulte that she had made false statements on applications for home mortgages.

The letter came four days after the Justice Department said it would investigate Cook because of Pulte's claim.

Cook, in a statement Monday, said, "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," said Cook, who is the first Black woman to serve as a

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