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Trump administration reiterates need to fire Lisa Cook from Fed board

The Trump administration argues firing Fed Governor Lisa Cook is justified due to alleged mortgage fraud claims, while her defense highlights contradictory evidence and Fed independence concerns.

  • On September 15, 2025, the Trump administration submitted another appeal to a federal appeals court seeking permission to remove Federal Reserve Governor Lisa Cook ahead of this week’s critical interest rate decision.
  • The administration's move follows President Trump's August firing attempt over allegations of mortgage fraud, while Cook filed a lawsuit challenging her dismissal as unconstitutional.
  • Cook's lawyers argue that firing her risks destroying the Fed's independence and threatens economic stability, while the DOJ labels her claims 'meritless' and stresses broad presidential removal discretion.
  • The Justice Department stated, "public office is not private property," and contended that Cook failed to explain contradictory mortgage documents, which supports their request for a stay of the injunction blocking her firing.
  • A three-judge panel could rule by September 15 on whether to put the lower court's injunction on hold, which would reinstate Cook's dismissal and shift Fed board control amid an imminent rate decision.
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The Columbian broke the news in Vancouver, United States on Sunday, September 14, 2025.
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