“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement. “I will not resign.”

A look at the workings of the Federal Reserve, what it does to keep the economy stable and Lisa Cook's role as governor.

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement. “I will not resign.”

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

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement. “I will not resign.”

Late Thursday, Trump official Bill Pulte said that Cook had allegedly committed fraud on a third property, a condominium in Cambridge, Mass.

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement. “I will not resign.”

“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in a statement. “I will not resign.”