Federal Reserve Board Governor Lisa Cook hired Abbe Lowell to fight her termination by President Trump for a case that could land at the Supreme Court.

President Trump pointed to allegations of mortgage fraud by Lisa Cook in saying she was fired as a governor of the Federal Reserve Board.

Trump said he is removing Cook effective immediately because of allegations by one of his supporters that she committed mortgage fraud.

The president’s move is seen as an attempt to get a loyalist on the Federal Reserve’s influential board.

Federal Reserve Board Governor Lisa Cook hired Abbe Lowell to fight her termination by President Trump for a case that could land at the Supreme Court.

The Supreme Court is likely to resolve the question of whether President Trump had legal cause to remove the Federal Reserve Board member.

The president has accused Cook of mortgage fraud, and cited constitutional power that he says allows him to fire governors.

A court hearing could end with Fed Governor Lisa Cook remaining on the job while her lawsuit challenging her firing by President Donald Trump plays out.

The case sets off a potential legal battle, which could reach the Supreme Court, with implications for the US central bank's autonomy.