“I will continue exercising my functions”: fired by Donald Trump, the governor of the Fed does not intend to stop there.

This is the first time in the history of the United States. Donald Trump announced on Monday the “immediate” dismissal of a governor of the Federal Reserve (Fed), Lisa Cook, about Accusations of fraud For a personal mortgage, accentuating the pressure In the American Central Bank, an independent institution.

“I determined that there were enough reasons to send it back to its publication,” the president insisted. This decision marks a significant escalation in the president’s fight against the Fed, which accuses of having delayed interest rates.

Lisa Cook hastened to react after this announcement. While the governor is not achieved by any official position, she indicates CNN:

The dismissal of Lisa Cook was discussed. The law establishes that the President cannot revoke the members of the FED Board of Directors that “for valid reason”, although the circumstances that justify a dismissal for valid reasons are not explicitly defined.

“Force coup”

“We will take all the necessary measures to avoid this attempt at illegal action,” said Lisa Cook’s lawyer. The case could even return to the Supreme Court.

“This is not a file opening by the Ministry of Justice; no charges have been formalized. At the moment, I think the reason why invoked is doubtful,” said Federal Prosecutor Shan Wu to the American Canal. “This will be the issue of a trial,” he said.

Senator Elizabeth Warren, the highest Democrat placed within the Senate Banking Commission, said for her part that the attempt to dismiss Lisa Cook constitutes “an authoritarian blow that flagrantly violates the law in the Federal Reserve and that must be canceled.”

Meanwhile, it is getting out. This dismissal places the central bank of the world’s largest economy in unknown land. As CNN points out, it is not known whether Lisa Cook will have to immediately leave the Fed Board of Directors and if Trump will have the opportunity to name someone else to occupy her seat. Especially because the next Fed monetary policy meeting will take place in less than a month, 16 and 17 of September.