Since taking office in January, Donald Trump has sought to exert his power over the Federal Reserve, threatening to fire chairman Jerome Powell as the bank continues to resist the president’s call to lower interest rates. Now, Trump is removing Lisa Cook, a member of the Federal Reserve’s Board of Governors, from her position, becoming the first president in American history to do so.

Cook has so far resisted Trump’s orders to resign and has obtained legal representation as she argues the president lacks the legal authority to remove her. Here’s what we know about what Trump has done and what comes next.

What has Trump done, and how is he attempting to justify it?

On Monday, Trump sent a letter to Cook informing her that she’s been removed from her position on the Federal Reserve’

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