(The Hill) -- Federal Reserve Governor Lisa Cook doubled down on her vow not to resign from the Fed, after President Donald Trump moved on Monday to fire the board member over mortgage fraud allegations.

In a statement, Cook argued the president has “no authority” to remove her from her post.

“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 obtained by The Hill’s sister network NewsNation. "I will not resign."

“I will continue to carry out my duties to help the American economy as I have been doing since 2022," Cook added.

Trump last week called for the Fed governor, who was appointed by former President Joe Biden in 2022, to resign following allegations by Bill Pulte — a Trump ally and the

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