Court rules Lisa Cook can remain a Fed governor for now while fighting Trump's attempt to fire her
WASHINGTON (AP) A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trumps efforts to fire her.
The ruling, which will almost certainly be appealed, is a blow to the Trump administrations efforts to assert more control over the traditionally independent Fed, which sets short-term interest rates to achieve its congressionally mandated goals of stable prices and maximum employment. Congress has also sought to insulate the Fed from day-to-day politics.
U.S. District Judge Jia Cobb late Tuesday granted Cooks request for a preliminary injunction blocking her firing while the dispute makes its way through the courts. Cobb ruled that Cook would likely prevail in the lawsuit she filed late last month to overturn her firing.
https://apnews.com/article/federal-reserve-governor-lisa-cook-trump-firing-651fcf0637cf14901bbd559df00c856b

LetMyPeopleVote
(169,809 posts)Judge Cobb found that there was no cause to fire Lisa Cook. trump is appealing to the DC Circuit which has set a very short time frame for briefing.
Link to tweet

Here is Lisa Cook's filing which is a fun read.
Link to tweet
https://storage.courtlistener.com/recap/gov.uscourts.cadc.42372/gov.uscourts.cadc.42372.01208775253.0.pdf
I was pleased to see that this filing contained a footnote on the recently disclosed facts that showed that Lisa Cook did NOT commit mortgage fraud
I have not seen the trump fling which was supposed to be flied this afternoon. I suspect that trump will object to these facts cited above.
LetMyPeopleVote
(169,809 posts)The White Houses claim against Cook is rooted in the idea that she committed mortgage fraud, and now theres fresh evidence to suggest she did not.
Remove Bill Pulte. Remove Donald Trump.
— Democracy Matters! (@democracymatters.bsky.social) 2025-09-15T20:08:47.339Z
Trumpâs case against the Fedâs Lisa Cook goes from bad to worse
www.msnbc.com/rachel-maddo...
#GOPTraitors #TrumpDidThis #RepublicansDidThis #GOPKakistocracy #AmericanFascistParty #Project2025 #NoRepublicansEverAgain #USPol
https://www.msnbc.com/rachel-maddow-show/maddowblog/trumps-case-feds-lisa-cook-goes-bad-worse-rcna231451
Federal Reserve governor Lisa Cook declared in financial forms that her Atlanta property would be used as a vacation home and not her primary residence, according to documents obtained by NBC News that appear to undercut the Trump administrations allegations of mortgage fraud.
.......So, the administration is giving up? Of course not. The New York Times reported:
The Trump administration sought to convince a federal court on Sunday that President Trump possesses vast powers and discretion to fire federal officials, as it raced to block Lisa Cook, a governor on the Federal Reserve, from participating in this weeks meeting of the central bank.
A federal district court ruled last week that Cook can only be legally ousted for cause, and the White House has failed to meet that threshold. The administrations lawyers have appealed that ruling, insisting that Trumps power is unreviewable.
The case is now pending at the U.S. Court of Appeals for the D.C. Circuit, though time is of the essence. The Times report added, The Trump administration has asked the appellate panel to stay that order and rule by the end of Monday, ahead of the Feds two-day meeting, which begins on Tuesday.
Again, no one is even bothering with the pretense that the administration is scrambling to oust Cook because of a desperate need for swift justice related to the mortgage bureaucracy. Rather, the White House sees an opponent that its eager to remove from the board. Watch this space.
LetMyPeopleVote
(169,809 posts)BREAKING: On a 2-1 vote, the D.C. Circuit rejects the Trump administration's request to allow Trump's purported firing of Fed Board Governor Lisa Cook to take effect during litigation.
— Chris Geidner (@chrisgeidner.bsky.social) 2025-09-16T00:19:36.087Z
She will remain on the board for now, absent a further court order to the contrary.
