Foresight News reports that Lisa Cook, a member of the Federal Reserve, stated that President Trump does not have the authority to dismiss her from the Federal Reserve, and she will not resign. Before Cook made her statement, Trump had written to her, claiming that he would immediately remove her from the Federal Reserve. In a statement, Cook said, "President Trump claims there are 'reasons' to fire me, but there is no legal basis for this, and he does not have the power to do so. I will not resign. I will continue to fulfill my responsibilities to help the American economy, as I have been doing since 2022."