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Just received this statement from Lisa Cook, via her attorney:
"President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022."
Aug 26, 2025
President Trump said he is firing Lisa Cook, a Federal Reserve governor, "effective immediately." It's his most direct assault yet on Fed independence -- and a step that it is far from clear he can legally take.
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