For the first time in history, media reports claim that Trump's dismissal of a Federal Reserve Board Governor may trigger a legal battle.

On the 25th, President Trump publicly released a letter addressed to Lisa Cook, a member of the Federal Reserve Board, on social media, announcing the immediate revocation of her position due to allegations of "mortgage fraud". This is the first time in the 111-year history of the Federal Reserve that a president has revoked the position of a board member. Trump cited the Federal Reserve Act of the United States as the reason for revoking Cook's position. The letter mentioned that Cook is suspected of making false statements on mortgage loan agreements. Considering the significant responsibility of the Federal Reserve in setting interest rates, regulating reserve requirements, and member banks, and Cook's involvement in "fraud and potential criminal behavior" in financial matters, Trump made the decision to immediately remove her from her position. Cook stated that Trump has no authority to dismiss her and she will not resign. According to US media reports, Cook released a statement through her lawyer on the evening of the 25th, stating that Trump claimed there were "reasons" to dismiss her, but there is no legal basis for this, and Trump does not have the authority to do so. Cook said she will not resign and will continue to fulfill her duties. Cook's lawyer, Lowell, stated that Trump's request lacks due process, factual basis, and legal authorization, and Cooks side will take all necessary actions to stop Trump's attempt to take illegal action.