US EditionAppeals court declines to let Trump remove Fed Governor Cook
The court's ruling preserves Federal Reserve stability ahead of a key meeting where interest rate cuts will be considered, blocking Trump's attempt to replace 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.
113 Articles
113 Articles
A federal appeals court ruled on Monday that Lisa Cook, a member of the board of the US central bank, the Fed, can stay in her post - for now. The appeals court has thus given a federal court in...
Shortly before the Federal Reserve Fed's interest rate decision, something is happening on the Board of Directors: For the time being, the executives Cook can remain in office - Trump wanted to fire it. At the same time, one of his advisors is moving into the Board.
Trump Cannot Remove Fed Governor Lisa Cook for Now, Appeals Court Rules
A panel of federal judges on Monday held that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook as of now, allowing Cook to participate in an important two-day meeting, starting Tuesday, on whether to lower federal interest rates. The order by the U.S. Court of Appeals for the District of Columbia Circuit, a federal appeals court, struck down Trump’s emergency bid to set aside a preliminary ruling by a lower court that barred…
According to an appeal court, the U.S. government is not allowed to release Lisa Cook. The case for the U.S. Federal Reserve's superiors could now end up at the Supreme Court.
Elizabeth Warren Says Trump Can't 'Scapegoat' His Failure As Appeals Court Rejects Attempt To Unseat Lisa Cook Ahead Of Key FOMC Meeting
In a major setback for President Donald Trump, a U.S. Appeals Court for the District of Columbia denied an emergency motion to remove Federal Reserve Governor Lisa Cook, allowing her to participate in this week's Federal Open Market Committee meeting.
A Divided Appeals Court Blocks Trump From Removing Fed Governor
A divided federal appeals court on Monday refused to let President Donald J. Trump immediately oust Federal Reserve Governor Lisa D. Cook, but a forceful dissent warned that the decision misapplied both constitutional law and common sense.
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