Federal Reserve governor Lisa Cook says she will not step down from her role and intends to sue, after U.S. President Donald Trump said on Monday that he would fire her.

In a post on Truth Social on Monday night, Trump shared a letter he wrote to Cook informing her that he was terminating her role.

“You are hereby removed from your position on the board of governors of the Federal Reserve effective immediately,” the letter reads.

In it, the president claims he had reasonable grounds to believe that Cook made false statements on mortgage agreements, citing two separate documents signed two weeks apart stating that she had two primary residences in two different states.

“It is inconceivable that you were not aware of your first commitment when making the second. It is impossible th

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