Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by Presiden t Donald Trump , her attorney said Tuesday.

"President Trump has no authority to remove Federal Reserve Governor Lisa Cook," the lawyer, Abbe Lowell, said in a statement, a day after Trump cited allegations of mortgage fraud by Cook in firing her.

"His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis," Lowell said.

"We will be filing a lawsuit challenging this illegal action."

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