Lisa Cook says she’s not leaving Fed and Trump has ‘no authority’ to fire her

Published August 26, 2025 3:38am ET



Federal Reserve governor Lisa Cook said she is not leaving her position despite President Donald Trump’s announcement that he was firing her on Monday.

Cook made the revelation in a statement late Monday night, hours after Trump said he intended to remove Cook. She said she would not “resign” her position and that the president had no “authority” to remove her. 

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