Trump's Latest Threat to Fire Fed Governor Cook Falls Flat

US Federal Reserve governor Lisa Cook has fired back at President Trump's renewed threat to remove her from the central bank's governing board. According to a letter sent by Cook's attorneys, there is no legal basis for Trump to fire her due to allegations of mortgage fraud.

The White House had given Cook until Wednesday to respond to the allegations, which she denies. The Supreme Court ruled last year that Cook could remain in her position while the case against her was litigated.

Cook's attorneys stated that 'an inadvertent error is not fraud' and that Trump's attacks on her are an attempt to force the Federal Reserve to bend to his will.