Fed's Cook breaks silence on Trump firing, vows to continue her duties amid legal fight

Core Viewpoint - Federal Reserve Governor Lisa Cook is involved in an ongoing legal battle regarding her position on the Federal Reserve Board, following President Trump's announcement of her dismissal, which she contests as unlawful and detrimental to the Fed's independence [6][8]. Group 1: Legal Context - Cook has publicly acknowledged her ongoing legal case and expressed gratitude for the support she has received from colleagues [2]. - Her lawsuit, filed against Trump, the Federal Reserve Board, and Chairman Jerome Powell, argues that her dismissal undermines the independence of the Federal Reserve [6][8]. - The Supreme Court is set to decide on the case in January [11]. Group 2: Professional Commitment - Cook described her role on the Federal Reserve Board as "the honor of my life" and affirmed her commitment to fulfilling her duties on behalf of the American people [5]. - She emphasized that her legal team has addressed the implications of the case in court filings, and she refrained from further comments due to the ongoing nature of the case [5]. Group 3: Historical Significance - Cook's appointment marked a historic milestone as she became the first Black woman to serve as a governor on the Federal Reserve Board, and her potential removal could represent another significant event in this context [9]. Group 4: Support from Economists - Nearly 600 economists have expressed their support for Lisa Cook and the independence of the Federal Reserve in an open letter [3].