The Federal Reserve on Tuesday said it would abide by any court decision on whether President Donald Trump has the legal authority to fire Board of Governors member Lisa Cook .

The Fed , in a statement from a spokesperson, noted that "Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue to fulfill her responsibilities as a Senate-confirmed member of the Board of Governors of the Federal Reserve System."

The statement was the Fed's first response to Trump's announcement on Monday night that he was removing Cook as Fed governor because of allegations she committed mortgage fraud.

The spokesperson did not explicitly criticize Trump for trying to remove Cook.

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