US EditionTrump administration asks Supreme Court to allow firing of Fed Governor Lisa Cook
Trump's administration challenges court rulings barring removal of Fed Governor Lisa Cook over alleged mortgage fraud, seeking to reshape the Federal Reserve's independent board.
- On Thursday, the Trump administration asked the Supreme Court of the United States for an emergency order to remove Lisa Cook, Federal Reserve governor, seeking to pause lower-court rulings blocking her termination.
- On Aug. 25, President Donald Trump moved to remove Lisa Cook, Federal Reserve governor, citing alleged mortgage fraud raised by Bill Pulte, Director of the Federal Housing Finance Agency, which Cook denies and has legally challenged.
- Solicitor General D. John Sauer wrote that a 2-1 appeals panel refused to lift her injunction, ruling that the administration failed to meet the 'for cause' standard and violated due process.
- Cook remains on the Fed board and participated in the Federal Open Market Committee this week, while the Supreme Court is likely to seek her response before deciding, leaving timing uncertain.
- The Supreme Court has previously treated the Fed as distinct from other agencies, suggesting Fed governors may be protected from removal without cause; no president has ever fired a sitting Fed governor, making the case historically unprecedented.
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88 Articles
Expert warns new Supreme Court case 'is the whole ball game' for America
President Donald Trump has asked the U.S. Supreme Court to allow him to fire Federal Reserve Governor Lisa Cook while a case to stop it works its way through the courts. Lower courts have paused Trump's firing until it can be adjudicated; however, in the past several rulings about firings, the court...
U.S. President Trump has been putting pressure on the Fed for months. He won't join their boss Powell, but then releases a governor from the central bank. She defends herself with success and is reinstated. Now Trump tries with his trump card: a call from the Supreme Court.
JUST IN: President Trump Asks Supreme Court to Let Him Fire Embattled Federal Reserve Governor Lisa Cook
The Trump Administration on Thursday asked the US Supreme Court to intervene after a federal appeals court blocked Trump from firing embattled Federal Reserve Governor Lisa Cook.
Trump Asks SCOTUS to Remove Lisa Cook
The Trump administration on Thursday asked the Supreme Court for an emergency order to remove Lisa Cook from the Federal Reserve's Board of Governors, reports the AP . The administration turned to the high court after an appeals court refused to go along with ousting Cook, part of President Trump's effort...
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