Fed Governor Lisa Cook sues Trump over his attempt to fire her

The president has accused Cook of mortgage fraud, and cited constitutional power that he says allows him to fire her.

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Cook has asked the court to declare Trump's firing order "unlawful and void", and also named Fed Chairman Jerome Powell as defendant.

Trump has said there was "sufficient reason" to believe Cook had made false statements on her mortgage, and cited constitutional powers which he said allowed him to remove her. Cook previously said that "no cause exists under the law" to sack her.

The president has put increasing pressure on the Fed over what he sees as an unwillingness to lower interest rates.

Cook is part of the board responsible for setting interest rates in the US.