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.
332 Articles
332 Articles
The Michigan Chronicle
Atlanta Daily WorldSupreme Court Blocks Trump From Firing Fed Governor Lisa Cook
Photo: Getty Images North America The Supreme Court has temporarily blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, rejecting his emergency request and agreeing to hear oral arguments in January, per USA Today. Trump had asked the Supreme Court to override a lower court ruling that stopped him from firing Cook, who was appointed by former President Joe Biden in 2022 and is the first Black woman to serve on the Fe…
The Billings Gazette
Court lets Cook remain
WASHINGTON — The 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.
kreiszeitung.de
The 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.
Fed Governor Lisa Cook to Keep Job Until SCOTUS Rules on Firing - The Virginia Star
by Ben Whedon Federal Reserve Governor Lisa Cook will keep her position while the Supreme Court considers arguments over the president’s authority to fire her amid allegations of mortgage fraud. The court agreed to hear the issue on an expedited basis, Politico reported. Trump moved to fire Cook earlier this year after Federal Housing Finance Agency Director Bill Pulte referred Cook to the Department of Justice over alleged mortgage fraud. Aft…
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.
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