(NEXSTAR) - President Trump announced his intention to fire Federal Reserve Governor Lisa Cook, accusing her of mortgage fraud, in a move that could challenge the independence of the central bank.

During a cabinet meeting, President Trump defended his decision, stating the need for officials who are "100% above board." This unprecedented attempt to remove a Federal Reserve governor comes as the President seeks greater control over the central bank, which is responsible for setting interest rates.

"We need people that are 100% above board," President Trump said, justifying his attempt to dismiss Cook. Cook, however, maintains that the President lacks the authority to fire her without cause, and she has refused to step down.

George Washington University Law Professor Paul Schiff Berman co

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