President Donald Trump said that he’s firing Federal Reserve Governor Lisa Cook.

Trump posted a letter Monday night on his Truth Social platform stating that he is removing Cook effectively immediately related to allegations that she committed mortgage fraud.

RELATED: Trump calls on Fed governor Lisa Cook to resign after mortgage fraud allegation

Federal Reserve governors vote on the central bank's interest rate decisions and on issues of financial regulation, according to the Associated Press.

Lisa Cook says she’s not resigning

The other side:

Federal Reserve Governor Lisa Cook said on Monday night that she would not step down. "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 an emailed sta

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