Governor of the Federal Reserve Lisa Cook filed a lawsuit against President Donald Trump on Thursday, arguing that he has no power to remove her from office.

Trump’s attempt to oust Cook comes as he’s trying to exert his control over the central bank. Trump said Cook was to be fired “effective immediately” in a letter published on Monday.

The next day, Cook released a statement saying Trump had “no cause” to fire her and that he lacked the “authority” to do so.

“I will not resign,” Cook said. “I will continue to carry out my duties to help the American economy as I have been doing since 2022.”

Cook’s lawsuit argues that Trump violated federal law in attempting to fire her, citing a section of the Federal Reserve Act of 1913. The act states that presidents can only remove a Federal Rese

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