The Congressional Black Caucus had harsh words for President Donald Trump in a statement supporting Federal Reserve Governor Lisa Cook. Last week, the Spelman College grad came under fire from the president in a social media post alleging that Cook committed mortgage fraud.

WASHINGTON (AP) — President Donald Trump’s vow to fire Lisa Cook, an economist who is the first Black woman to serve on the Federal Reserve’s board of governors, kicked off another tense debate and likely legal battle over a major institution’s independence.

President Donald Trump said he was firing Lisa Cook from her position on the Federal Reserve board, but it's unclear if he has the authority to do so.

The attempt to fire Lisa Cook is problematic because it depends on manipulating a system whose confidences millions of Americans rely on.

Lisa Cook has announced legal action to block the President’s attempt to dismiss her, spotlighting why diverse voices are vital to the nation's financial health.