The Federal Reserve said Tuesday it will abide by the court’s decision in the upcoming lawsuit from Fed Governor Lisa Cook challenging her firing by President Trump.
On Monday evening, Trump posted a letter to Cook on his social media account that said he was removing her from her position.
“You are hereby removed from your position on the Board of Governors of the Federal Reserve, effectively immediately,” the letter said.
In a statement, a spokesperson for the Fed said Cook “has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue to fulfill her responsibilities as a Senate-confirmed member of the Board of Governors of the Federal Reserve System.”
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Author: Faith Novak
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