Aug. 26 (UPI) -- Federal Reserve Governor Lisa Cook has declared that not only won't she resign after President Donald Trump fired her, but will sue him for trying.
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so," Cook said in a statement Tuesday. "I will not resign."
"I will continue to carry out my duties to help the American economy as I have been doing since 2022," she concluded.
Trump sent her a letter Monday that stated "Pursuant to my authority under Article II of the Constitution of the United States and the Federal Reserve Act of 1913, as amended, you are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately."
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