Good luck with that! Former Federal Reserve Governor Lisa Cook is responding to her firing by suing the Trump administration. As the WLT Report previously reported, President Trump fired Cook after allegations arose that she committed mortgage fraud. Cook’s lawyer has claimed President Trump has no legal authority to remove a Federal Reserve Board Governor. CNBC reported more on the upcoming lawsuit: Federal Reserve Board Governor Lisa Cook will file a lawsuit challenging her removal by President Donald Trump, her attorney said Tuesday. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook,” the lawyer, Abbe Lowell, said in a statement, a day after Trump cited allegations of mortgage fraud by Cook in firing her. “His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis,” Lowell said. “We will be filing a lawsuit challenging this illegal action.” The White House and the Justice Department did not immediately respond to CNBC’s requests for comment on Lowell’s statement. The Federal Reserve’s media office has not commented on Trump’s action, nor replied to CNBC’s question about whether Cook is working at her office on Tuesday or remotely. If Cook does sue, the case could end up being decided by the Supreme Court. The Federal Reserve Act of 1913 says that a president can fire a member of the Federal Reserve Board only “for cause.” That has long been understood to mean malfeasance or dereliction of duty while a board member./ The Justice Department last week opened a criminal investigation of Cook after she was accused of making false statements on home mortgage applications by Federal Housing Finance Agency Bill Pulte. LISA COOKE’S COOKEDMortgage fraud claims got her fired by President Trump, but she says she can’t be fired. What!?@JakeJakeNY @DBrodyReports pic.twitter.com/cQVq4C1xc1 — Real America’s Voice (RAV) (@RealAmVoice) August 26, 2025 President Donald J. Trump relieves Federal Reserve Governor Lisa Cook of her position pic.twitter.com/tJV8m4mlHW — Rapid Response 47 (@RapidResponse47) August 26, 2025 Fox Business had the following report on Trump’s reasons for removing Cook from her position: President Donald Trump ousted Federal Reserve Governor Lisa Cook on Monday, alleging she lied on mortgage forms by declaring two primary residences. In a letter to Cook, Trump said the Federal Reserve Act provides that she can be removed at his discretion. “As set forth in the Criminal Referral dated August 15, 2025, from Mr. William J. Pulte, Director of the Federal Housing Finance Agency, to Ms. Pamela Bondi, Attorney General of the United States…there is sufficient reason to believe you may have made false statements on one or more mortgage agreements,” Trump wrote. “For example, as detailed in the Criminal Referral, you signed one document attesting that a property in Michigan would be your primary residence for the next year. “Two weeks later, you signed another document for a property in Georgia stating that it would be your primary residence for the next year,” Trump continued. “It is inconceivable that you were not aware of your first commitment when making the second. It is impossible that you intended to honor both.” Trump wrote that the Federal Reserve has a “tremendous responsibility” to set interest rates and regulate banks. He added that Americans must have full confidence in the honesty of those setting policy and overseeing the Federal Reserve. “In light of your deceitful and potentially criminal conduct in a financial matter, they cannot, and I do not have such confidence in your integrity,” Trump wrote. “At a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator.” He concluded ordering her immediate removal from office.