US appeals court rejects Trump bid to oust Fed’s Lisa Cook

September 16, 2025 10:15 AM

US appeals court rejects Trump bid to oust Fed’s Lisa Cook

A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve Governor Lisa Cook - the first time a president has pursued such action since the central bank's founding in 1913 - in the latest step in a legal battle that threatens the Fed's longstanding independence. The decision by the U.S. Court of Appeals for the District of Columbia Circuit means that the administration only has hours to appeal to the U.S. Supreme Court if it hopes to block Cook from attending the Fed...

US judge temporarily blocks Trump from removing Fed Governor Lisa Cook

September 10, 2025 1:08 PM

US judge temporarily blocks Trump from removing Fed Governor Lisa Cook

A federal judge on Tuesday temporarily blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, an early setback for the White House in an unprecedented legal battle that could upend the central bank's long-held independence. The preliminary ruling by U.S. District Judge Jia Cobb in Washington, D.C. found that the Trump administration's claims that Cook committed mortgage fraud prior to taking office were likely not sufficient grounds for her removal. Cook denies any wr...

Fed’s Cook sues Trump over his attempt to fire her; court hearing set for Friday

August 29, 2025 10:15 AM

Fed’s Cook sues Trump over his attempt to fire her; court hearing set for Friday

Federal Reserve Governor Lisa Cook filed a lawsuit on Thursday claiming President Donald Trump has no power to remove her from office, setting up a legal battle that could challenge long-established norms for the U.S. central bank's independence. The lawsuit said Trump violated a federal law allowing him to remove a Fed governor only "for cause" when the president took the unprecedented step on August 25 of announcing he would fire her. Trump has accused Cook of committing mortgage fraud in 202...