By Elisabeth Buchwald, CNN
(CNN) — Federal Reserve Governor Lisa Cook’s attorney, Abbe Lowell, announced on Tuesday he is filing a lawsuit to challenge President Donald Trump’s attempt to fire her on Monday evening.
“President Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this illegal action,” he said in a statement sent to CNN.
The announcement comes hours after Trump posted on social media a letter addressed to Cook informing her that he had sufficient “cause” to fire her.
Cook has recently come under fire by Trump and members of his administration for allegedly committing mortgage fraud. She has not been charged with any wrongdo