Federal Reserve governor fired by Trump issues scathing rebuke claiming president has no authority over central bank | 25 Aug 2025 | Federal Reserve Governor [corrupt dirt-bag] Lisa Cook has begun a standoff with Donald Trump, refusing to leave her post after Trump announced he had fired her Monday evening. Cook's sacking was the first in the 111-year history of the Federal Reserve, as Trump all but guaranteed a replacement that would back the president's calls to slash interest rates. However, Cook released a statement Monday night that suggested she wasn't going anywhere. "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. "I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022." Her lawyer Abbe Lowell also issued statement that slammed Trump and vowed to take action against the "illegal" move.