Fed governor Cook asks appeals court to reject White House's bid to remove her from Fed board

Source: Yahoo! Finance/AP

Sat, September 13, 2025 at 6:23 PM EDT 3 min read


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 Federal Reserve’s board of governors.

Lawyers for Cook argue that the Trump administration has not shown sufficient cause to fire her, and stressed the risks to the economy and country if the president were allowed to fire a Fed governor without cause.

“A stay by this court would therefore be the first signal from the courts that our system of government is no longer able to guarantee the independence of the Federal Reserve. Nothing would then stop the president from firing other members of the board on similarly flimsy pretexts. The era of Fed independence would be over. The risks to the nation’s economy could be dire,” according to the filing.

Read more: https://finance.yahoo.com/news/fed-governor-cook-asks-appeals-222331176.html