Federal Reserve Governor Lisa Cook addressed President Donald Trump's announcement that he had fired her, saying she would not resign from the Fed's seven-member board. Trump on Monday cited alleged mortgage-related misconduct when he said he had fired Cook, who has denied the allegations.

Federal Reserve governor Lisa Cook claimed President Donald Trump did not have the authority to fire her from her job.

Federal Reserve Governor Lisa Cook clapped back at President Donald Trump late Monday after the president announced on social media that he was terminating her “effective immediately,” with Cook declaring she would continue to serve out her 14-year term regardless of Trump’s efforts to oust her.