US EditionSupreme Court lets Fed Governor Lisa Cook keep job pending oral argument in January
- The Supreme Court allowed Federal Reserve Governor Lisa Cook to remain in her position while it decides if President Trump can fire her, deferring a decision until January oral arguments.
- This legal conflict began when Trump dismissed Cook in late August, citing accusations of mortgage fraud as justification under the Federal Reserve Act, though Cook denies these claims and characterizes them as fabricated.
- The case centers on whether the president can remove Fed governors without cause and if courts can block such firings, with the Fed's independence and its key economic role emphasized in arguments.
- Cook’s lawyers argued removal threatens the economy and that she must receive official notice and a hearing, while the Justice Department asserted presidential justification for firing is not reviewable by courts.
- The court’s deferral maintains longstanding Fed independence for now and sets up a critical constitutional question likely to be resolved before June, with oral arguments scheduled for January.
238 Articles
238 Articles
kreiszeitung.de
op-online.deThe Supreme Court is blocking the release of Lisa Cook from the board of the US Central Bank. However, the last word is not yet spoken.
The U.S. Supreme Court refused a request from the Department of Justice, which requested that the decision to freeze the immediate dismissal of the U.S. Federal Reserve Board (FRF) member Lisa Cook be reversed.
Supremes Allow Cook to Stay on Fed Board, Fast-Tracking Case on Trump’s Effort to Fire Her
The Supreme Court brief allows Lisa Cook to remain, for now, a Federal Reserve governor and voting member of the Federal Open Market Committee, while the case involving President Trump’s attempt to fire her proceeds.
Supreme Court denies Trump emergency motion to fire Lisa Cook from the Fed — for now
The Supreme Court appears to have temporarily settled the fight between the Federal Reserve and the Trump administration until next year.President Donald Trump appealed to the Supreme Court to allow him to fire Lisa Cook, a Federal Reserve governor, over allegations of mortgage fraud that she has denied. On Wednesday the court denied the emergency appeal and said it would fully consider the case in January.'I tried being nice to the guy. It does…
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