US EditionFed governor Cook asks appeals court to reject White House’s bid to remove her from Fed board
- Federal Reserve Governor Lisa Cook asked a U.S. appeals court on Saturday to reject the Trump administration's bid to remove her from the Fed's board ahead of next week's interest rate vote.
- The administration seeks to dismiss Cook 'for cause' based on allegations she claimed two properties as primary residences simultaneously before joining the Fed in 2022.
- Cook denies the mortgage fraud charges, describing one property as a 'vacation home' and never claiming a homestead tax exemption on the condominium purchased in 2021.
- U.S. District Judge Jia Cobb ruled the president cannot fire Fed governors 'for cause' based on pre-appointment conduct, granting Cook an injunction to remain through legal proceedings.
- If Cook's removal proceeds, she would miss crucial Fed meetings amid expected interest rate cuts to about 4.1%, heightening concerns about preserving central bank independence and economic risks.
68 Articles
68 Articles
New Developments in Trump’s Attempt to Fire a Fed Board Member
If the Court is going to limit the president’s firing authority, then the justices will reject the notion that Trump can remove Cook based on allegations that have not been proved involving conduct that had nothing to do with Cook’s official duties.
Trump administration races to fire Fed Governor Lisa Cook ahead of key vote on interest rates
Ahead of the key central bank's vote on interest rates, the US administration under Donald Trump has renewed its push to fire Fed governor Lisa Cook. His administration filed a response, arguing that Cook’s legal arguments for why she should stay on the job were meritless.
Trump Makes New Push for Court Approval to Fire Fed’s Lisa Cook
President Donald Trump on Sunday made a final push to sway a US appeals court to let him oust Federal Reserve Governor Lisa Cook over allegations of mortgage fraud before next week’s Fed vote on interest rates, again telling the court that she’s failed to dispute the claims.
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