LISA COOK: “I’m Not Resigning”
US Federal Reserve Governor Lisa Cook is refusing to stand down after President Donald Trump said he was firing her because of allegations that she committed mortgage fraud.
“President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” she said in an emailed statement. “I will not resign.”
Her attorney, Abbe Lowell, said Mr Trump’s “reflex to bully is flawed and his demands lack any proper process, basis or legal authority”.