“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” on the Board of the Federal Reserve System, the Fed says in a statement.

“As always, the Federal Reserve will abide by any court decision”

“Oh sure, always,” Trump said at a Cabinet meeting at the White House on Tuesday.

“She seems to have had an infraction, and she can’t have an infraction — especially that infraction, because she’s in charge of, if you think about it, mortgages.”