US Edition
Appeals 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.
89 Articles
89 Articles
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.
'Failure': Trump's latest controversial firing blocked by nation's second-highest court
In a closely watched case with major implications for the independence of the Federal Reserve, a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit ruled 2-1 on Monday to block President Donald Trump's attempt to remove Federal Reserve Board member Lisa Cook from her position.The decision, which comes just months after Trump launched a legal and political campaign to reshape the Fed, keeps Cook in her seat — for now.The majority…
The US President wants to remove Lisa Cook from office, but the Fed board member defends himself in court. Only a court blocks the dismissal - now Trump's appeal also fails.
Coverage Details
Bias Distribution
- 68% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
