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Fed governor Cook asks appeals court to reject White House’s bid to remove her from Fed board
The Trump administration seeks court approval to remove Fed Governor Lisa Cook amid mortgage fraud allegations before a critical interest rate decision, with legal disputes ongoing.
- 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.
43 Articles
43 Articles
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'The era of Fed independence would be over,' Cook's lawyers warn while asking court to reject Trump's ouster bid
Federal Reserve Governor Lisa Cook is asking a U.S. appeals court to reject the Trump administration’s latest bid to remove her from her post ahead of the central bank’s next vote on interest rates. In a filing with the court Saturday, attorneys on behalf of Cook asked the court to refuse an emergency request by the Trump administration for a stay of a lower court ruling that would clear the way for President Donald Trump to remove Cook from the…
The Governor of the Federal Reserve, Lisa Cook, asks an American court of appeal to reject the Trump administration's last attempt to dismiss her from office before the next Central Bank vote on interest rates.
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