Lisa Cook (Govt. photo)

Updated: 12:30 p.m. Tuesday: CNN reports that Federal Reserve Governor Lisa Cook’s attorney Abbe Lowell said today he's is filing a lawsuit challenging President Donald Trump’s attempt to fire her.

“President Trump has no authority to remove Federal Reserve Governor Lisa Cook. 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,” he said in a statement sent to CNN.

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Report From Late Monday Night

President Donald Trump said Monday he is removing Federal Reserve Board Governor Lisa DeNell Cook, who taught economics and international relations at Michigan State University from 2005 until 2022, when she was appointed to the board by President Joe B

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