US EditionAppeals court declines to let Trump remove Fed Governor Cook
- Today, the Court of Appeals in the District of Columbia denied the Trump administration's urgent petition aimed at overturning a lower court's order that halted the dismissal of Federal Reserve Governor Lisa Cook.
- This follows Trump's attempt last month to fire Cook based on mortgage fraud allegations seen as a pretext to remove her and appoint a loyalist, amid his push to influence the Fed's independence.
- Cook, a Biden appointee, was reinstated last week by a federal judge, and she can now attend the Federal Reserve's two-day meeting this week where officials will consider cutting interest rates.
- The two-to-one appeals court ruling dealt a significant blow to Trump's unprecedented firing attempt, as his administration indicated plans to appeal to the Supreme Court before the Fed's monetary decision.
- The ruling preserves Cook's seat on the seven-member Fed board during a crucial policy meeting, maintaining the Federal Reserve's institutional independence against executive pressure on interest rate decisions.
302 Articles
302 Articles
'Trump cannot, for now': US Supreme Court blocks move to remove Fed governor Lisa Cook, sets January hearing
The US Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration's effort to immediately remove her from the central bank..
MyCentralOregon.com
Fed to set interest rates as Trump seeks shakeup of top officials
Kevin Dietsch/Getty Images (NEW YORK) — The Federal Reserve on Wednesday is set to unveil its latest decision on the level of interest rates, hoping to guide the economy through a topsy-turvy stretch of slow hiring and rising inflation. The high-stakes announcement marks a flashpoint in the monthslong pressure campaign directed at the Fed by President Donald Trump. In recent weeks, Trump has moved to fire one member of the Fed’s board of governo…
US appellate court upholds freeze on Trump removal of federal reserve governor
In a 2-1 decision, the US Court of Appeals for the District Court of Columbia on Monday denied US President Donald Trump’s motion to pause a lower court’s preliminary injunction prohibiting him from firing Federal Reserve Governor Lisa Cook. The two judges in the majority, both Biden appointees, found Cook was likely to succeed on a due process challenge to her removal. The Federal Reserve Act only allows for the removal of a governor “for cause…
Trump to Appeal Ruling Allowing Fed Governor Lisa Cook to Keep Her Job
The Trump administration said on Sept. 16 that it will appeal a three-judge panel’s ruling that prevents the president from firing Federal Reserve Governor Lisa Cook. On Sept. 15, a panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled 2–1 to uphold a lower court’s preliminary injunction preventing Cook’s removal from the Fed’s board of governors while pending litigation plays out. “The President lawfully removed Lisa Coo…
Appeals Court Blocks Trump's Removal of Fed Governor Cook Amid Fraud Allegations
You ever get that feeling that the people we vote for aren’t really running the show? I know I do. It seems like there’s a... The post Appeals Court Blocks Trump’s Removal of Fed Governor Cook Amid Fraud Allegations appeared first on Patriot Journal.
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