Lisa Cook, the first Black woman to serve on the Fed’s Board of Governors, was an economics professor and worked in administrations of both parties.

Federal Reserve Governor Lisa Cook addressed President Donald Trump's announcement that he had fired her, saying she would not resign from the Fed's seven-member board. Trump on Monday cited alleged mortgage-related misconduct when he said he had fired Cook, who has denied the allegations.

President Trump says he is removing Federal Reserve governor Lisa Cook from her post, citing allegations she committed mortgage fraud. Cook says that Trump has no authority t