Cook is represented by Abbe David Lowell, and she is bringing this lawsuit in her own capacity, with no backing from the Fed. In its only comments since the firing, the central bank has sought to stress its independence and pledged to follow any court decision.

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.

Cook is the first Black woman to serve on the Federal Reserve board. She was appointed by President Joe Biden.