The Federal Reserve said Tuesday it will abide by the court's decision in the upcoming lawsuit from Fed board of governors member Lisa Cook challenging her firing by President Trump.

“Lisa Cook has indicated through her personal attorney that she will promptly challenge this action in court and seek a judicial decision that would confirm her ability to continue to fulfill her responsibilities as a Senate-confirmed member of the Board of Governors of the Federal Reserve System,” a spokesperson for the Fed said in a statement.

“The Federal Reserve will abide by any court decision,” the spokesperson added.

After Trump issued a letter on Monday saying he was firing Cook over alleged mortgage fraud, Cook’s attorney Abbe........

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