WASHINGTON — Federal Reserve Governor Lisa Cook will challenge her removal, her attorney said Tuesday, arguing President Donald Trump “has no authority” to fire her.

Trump announced late Monday that he would fire Cook, the first Black woman to serve on the Federal Reserve Board, over allegations that she falsified documents to obtain a favorable mortgage rate. She has not been charged with a crime.

Cook has consistently voted not to lower interest rates, rejecting requests Trump has made of the independent central banking board.

Cook’s attorney, Abbe David Lowell of Lowell & Associates, said in a statement to States Newsroom that she would sue to block the firing. Former president Joe Biden appointed Cook in 2022. Her term ends in 2038.

“President Trump has no authority to remove Feder

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