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7. Appeals court allows Federal Reserve governor Lisa Cook to keep her job
Mon Sep 15, 2025, 08:41 PM
Monday

The Trump administration wants to remove the board member of the powerful central bank before a key meeting Tuesday on setting interest rates.



https://www.washingtonpost.com/politics/2025/09/15/lisa-cook-supreme-court-federal-reserve-firing/

A divided federal appeals court on Monday ruled Federal Reserve governor Lisa Cook can keep her job, turning aside an appeal by the Trump administration that sought to fire her ahead of the central bank’s key meeting this week on setting interest rates.

The Trump administration was expected to quickly appeal the decision to the Supreme Court.

Trump has accused Cook of mortgage fraud — a charge she denies — and has sought her dismissal.

But attorneys for Cook wrote in filings that trying to remove her so close to this week’s meeting could throw the central bank’s vote on interest rates into “chaos” and has the “real potential of impacting domestic and foreign markets.”

Cook’s attorneys added in a Saturday filing that allowing Trump’s firing would transform the Fed “from a historically independent institution into an at will body, leaving the nation’s central bank (and its monetary policy) at the mercy of the White House and its political whims."

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