Lisa Cook made headlines three years ago when she became the first Black woman to serve on the Federal Reserve's Board of Governors, one of the most powerful financial institutions in the world

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.

Global markets tumble after new U.S. political and trade shocks unsettle investors, raising fears over stability and independence.