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BumRushDaShow

(160,136 posts) Thu Aug 28, 2025, 12:44 PM Aug 28

Judge in Lisa Cook case sets hearing for Friday

Source: CNBC

Published Thu, Aug 28 2025 9:24 AM EDT Updated 1 Min Ago

A judge set a hearing for Friday on Federal Reserve Board Governor Lisa Cook’s request to block President Donald Trump from firing her. The hearing was scheduled hours after Cook filed a lawsuit against Trump challenging his removal of her from the board. The suit, filed in federal court in Washington, D.C., also names Fed Chairman Jerome Powell and the Board of Governors itself as defendants. The case is likely to end up being decided by the Supreme Court.

Trump said Monday that he was removing Cook because of allegations that she committed mortgage fraud by claiming two different properties as her main residence in 2021, before she joined the board. Cook’s attorney called that justification “nakedly pretextual” and argued it would not constitute sufficient cause to remove her even if Trump’s allegations were true, “which they are not.”

“This case challenges President Trump’s unprecedented and illegal attempt to remove Governor Cook from her position which, if allowed to occur, would the first of its kind in the Board’s history,” the lawyer, Abbe Lowell, wrote in the lawsuit.

“It would subvert the Federal Reserve Act ... which explicitly requires a showing of ‘cause’ for a Governor’s removal, which an unsubstantiated allegation about private mortgage applications submitted by Governor Cook prior to her Senate confirmation is not,” Lowell wrote. The case was assigned to Judge Jia Cobb, who was appointed to the federal bench in late 2021 by former President Joe Biden.

Read more: https://www.cnbc.com/2025/08/28/trump-fed-lisa-cook-lawsuit-powell.html

REFERENCE - https://www.democraticunderground.com/10143520103

10 replies

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Highlight:

Judge in Lisa Cook case sets hearing for Friday (Original Post) BumRushDaShow Aug 28 OP

The courts move quickly when Krasnov wants something. gab13by13 Aug 28 #1

Except here the court is moving quickly bc it must if it is going to block tRump Bernardo de La Paz Aug 28 #2

Can't we just fire Trump instead? Nothing of value would be lost! Initech Aug 28 #3

Fire, him, OR bluestarone Aug 28 #8

The sooner the hearing, the more likely that the fix is in for Trump Prairie Gates Aug 28 #4

The judge is a Biden appointee. BumRushDaShow Aug 28 #5

Federal judges are more likely to rule against Chump, never assume otherwise FakeNoose Aug 28 #6

Judge who will weigh Trump's move against Fed has tangled with his policies before LetMyPeopleVote Aug 28 #7

The real "cause" is clearly Cook's melanin. maxsolomon Aug 28 #9

The court battle over the future of the Federal Reserve begins today LetMyPeopleVote Aug 29 #10

gab13by13

(29,778 posts)

1. The courts move quickly when Krasnov wants something.

Reply to BumRushDaShow (Original post)

Thu Aug 28, 2025, 12:45 PM

Aug 28

Bernardo de La Paz

(58,355 posts)

2. Except here the court is moving quickly bc it must if it is going to block tRump

Reply to gab13by13 (Reply #1)

Thu Aug 28, 2025, 12:53 PM

Aug 28

Nominally, the "firing" has happened, so it is Cook who benefits from the court holding a hearing sooner rather than later.

Cook is pressing suit, not the DoJ.

Initech

(106,306 posts)

3. Can't we just fire Trump instead? Nothing of value would be lost!

Reply to BumRushDaShow (Original post)

Thu Aug 28, 2025, 01:14 PM

Aug 28

bluestarone

(20,284 posts)

8. Fire, him, OR

Reply to Initech (Reply #3)

Thu Aug 28, 2025, 06:02 PM

Aug 28

Firing squad him. Both work for nme.

Prairie Gates

(6,271 posts)

4. The sooner the hearing, the more likely that the fix is in for Trump

Reply to BumRushDaShow (Original post)

Thu Aug 28, 2025, 01:44 PM

Aug 28

This is not an emergency, nor a pressing issue. Trump thinks he can fire her. She thinks otherwise. There is no pressing issue that would imply an expedited docket unless you're looking to give Trump what he wants.

BumRushDaShow

(160,136 posts)

5. The judge is a Biden appointee.

Reply to Prairie Gates (Reply #4)

Thu Aug 28, 2025, 01:53 PM

Aug 28

The case was assigned to Judge Jia Cobb, who was appointed to the federal bench in late 2021 by former President Joe Biden.

The "haste" is the request to get a TRO (temporary restraining order) in place in order to get info from both sides and schedule additional hearings.

FakeNoose

(38,628 posts)

6. Federal judges are more likely to rule against Chump, never assume otherwise

Reply to Prairie Gates (Reply #4)

Thu Aug 28, 2025, 02:07 PM

Aug 28

LetMyPeopleVote

(169,765 posts)

7. Judge who will weigh Trump's move against Fed has tangled with his policies before

Reply to BumRushDaShow (Original post)

Thu Aug 28, 2025, 04:04 PM

Aug 28

US District Judge Jia Cobb is a Biden appointee who recently ruled against Trump on deportations.

Link to tweet

https://www.politico.com/news/2025/08/28/federal-reserve-lawsuit-judge-jia-cobb-00533672

The judge who will immediately weigh President Donald Trump’s effort to fire Federal Reserve Board member Lisa Cook has already pushed back against one of his other signature efforts to expand presidential power: mass deportation.

Cook’s lawsuit Thursday was randomly assigned to U.S. District Judge Jia Cobb, who was appointed to the federal bench in Washington, D.C., by Joe Biden in 2021. Cobb, a former public defender, was Biden’s first appointment to Washington’s district court, which has 15 full-time judges.

In a ruling earlier this month, Cobb blocked the Trump administration’s attempt to rapidly deport hundreds of thousands of immigrants who had fled violence or oppression in their home countries. The immigrants had previously been permitted to enter or remain temporarily in the U.S. under a program known as parole.

“Will they be summarily removed from a country that — as they are swept up at checkpoints and outside courtrooms, often by plainclothes officers without explanation or charges — may look to them more and more like the countries from which they tried to escape?” Cobb wrote in an 84-page decision against the deportation effort.....

Cobb, 45, is a graduate of Northwestern University and Harvard Law School. After working at the D.C. Public Defender Service early in her career, she joined a Washington-area firm that primarily handles employment-related litigation.

maxsolomon

(37,356 posts)

9. The real "cause" is clearly Cook's melanin.

Reply to BumRushDaShow (Original post)

Thu Aug 28, 2025, 07:11 PM

Aug 28

It means she's a LIBRUL DEMOCRAT.

LetMyPeopleVote

(169,765 posts)

10. The court battle over the future of the Federal Reserve begins today

Reply to BumRushDaShow (Original post)

Fri Aug 29, 2025, 09:05 AM

Aug 29

I may listen in
If governor Lisa Cook is removed, “the outcome would be momentous,” said JPMorgan chief U.S. economist Michael Feroli.

Link to tweet

https://www.nbcnews.com/business/economy/lisa-cook-sues-trump-administration-hearing-what-to-know-rcna227888

At 10 a.m. ET, a federal court in Washington, D.C., will hold a hearing over Lisa Cook’s removal from the Federal Reserve. But the court battle will shape much more than the future of Cook’s tenure at the central bank.

At stake is the independence of the Federal Reserve, the world’s most important central bank.

As noted by JPMorgan chief U.S. economist Michael Feroli, Cook’s firing from the Fed, if successful, “would create the second vacancy on the board in less than a month and would allow the president to move that body in a direction more to his liking.”

“If the president were successful, the outcome would be momentous,” Feroli added.

Gaining a majority on the Fed’s board does not automatically give Trump’s nominees power to raise, lower or keep interest rates unchanged, but his nominees could, as soon as February, decline to renew or confirm a fresh four-year term for regional Fed bank presidents who get a vote on interest rates.

Those presidents are key to the 12-member Federal Open Market Committee, which comprises the Fed chair, six Fed governors and five regional Fed presidents. Those presidents come from Federal Reserve banks from New York and San Francisco to Chicago and Atlanta.

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