Fed responds to Trump effort to fire Lisa Cook

. Federal reserve On Tuesday, President Donald Trump would comply with any court decisions about whether he had the legal authority of Lisa Cook, a member of the Governorships Board.

“Through Cook’s personal lawyer, a spokesman said that he would immediately challenge this case through Cook’s personal lawyer and that a Senate -approved Federal Reserve System would continue to fulfill its responsibilities as a member of the Board of Directors.

The statement said that the Fed had removed Cook as Fed governor because of his allegations that Trump’s first reaction to Monday night, because of his allegations of mortgage fraud.

The spokesman did not openly criticize Trump because he tried to lift the cook.

“The Congress, through the Federal Reserve Law, said that the governors served in long, fixed conditions and only the” case “can be removed by the President.”

“Long term of office for the governors and lifting protections for the governors serve as a vital protection by ensuring that monetary policy decisions are based on data, economic analysis and long -term interests of the American people.” He said.

Trump said that he would comply with any court decision on Cook’s fate on the Fed.

Orum I follow the court, yes, I follow the court, dedi he said, at the same time the Fed Board of Directors will soon consist of the majority of the appointed appointed after Cook’s replace.

If Trump wins most of the appointed, he has repeatedly demands, and he may have better success in lowering the Fed’s interest rates sharply.

Any Federal Court difficulties for the termination of Cook is likely to end with the Supreme Court’s last word about the dispute.

“The Federal Reserve System was established by the congress to fulfill its legal duties, including the encouragement of a well -functioning financial system by the Federal Reserve System Congress.”

“The federal reserve will continue to fulfill its duties determined by law.” He said.

“As always, the federal reserve will comply with any court decisions.”

“The federal reserve confirms the devotion of transparency, accountability and independence in the service of American families, communities and businesses.”

Cook’s lawyer Abbe Lowell said on Tuesday that Trump has no authority to remove Cook “.

“The attempt to ignite it on the basis of a letter of guidance only lacks any real or legal basis,” Lowell said. He said. He continued: “We will file a lawsuit that challenges this illegal action.”

On Monday night, Cook said Trump would continue to work at the FED, despite the claim that he had the power to remove him.

The FED did not answer CNBC’s query on Tuesday that the Central Bank’s Central Bank had worked on Washington or remote headquarters.

– CNBCs Erin Doherty He contributed to this story.