Federal Reserve Governor Lisa Cook, the first Black woman to sit on the Board of Governors, has filed a lawsuit challenging President Trump’s order to remove her. (Drew Angerer | Getty Images North America)Federal Reserve governor Lisa Cook has sued President Trump, who had ordered her removal from office. Under federal law designed to insulate the central bank from political pressure, Fed governors can only be removed for cause. Cook wants the court to confirm her status as a member of the board of governors, “safeguard her and the Board’s congressionally mandated independence, and allow Governor Cook and the Federal Reserve to continue its critical work.”Cook’s lawsuit names Trump and the board of governors of the Federal Reserve. It also names Powell “to the extent that he has any ability to take any action to effectuate President Trump’s purported termination of Governor Cook.”