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 Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first instance of a president firing a central bank governor in the central bank’s 111-year history.

CNN, POOL, GETTY, FOX BIZ By Elisabeth Buchwald, Bryan Mena, CNN (CNN) — President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her p