Politics

Published Tue, Aug 26 202511:25 AM EDTUpdated 4 Min Ago

Key Points

  • Federal Reserve Board Governor Lisa Cook volition record a suit challenging her removal by President Donald Trump, her lawyer said.
  • "President Trump has nary authorization to region Federal Reserve Governor Lisa Cook," the lawyer, Abbe Lowell, said successful a statement.

Lisa Cook, politician of the US Federal Reserve, during a Fed Listens lawsuit successful Washington, DC, US, connected Friday, March 22, 2024.

Al Drago | Bloomberg | Getty Images

Federal Reserve Board Governor Lisa Cook volition record a suit challenging her removal by President Donald Trump, her lawyer said Tuesday.

"President Trump has nary authorization to region Federal Reserve Governor Lisa Cook," the lawyer, Abbe Lowell, said successful a statement, a time aft Trump cited allegations of owe fraud by Cook successful firing her.

"His effort to occurrence her, based solely connected a referral letter, lacks immoderate factual oregon ineligible basis," Lowell said.

"We volition beryllium filing a suit challenging this amerciable action."

Read much CNBC authorities coverage

The White House and the Justice Department did not instantly respond to CNBC's requests for remark connected Lowell's statement.

— CNBC's Kevin Breuninger contributed to this story.

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