This ruling made me smile. This means that unless the SCOTUS can rule by tomorrow, Lisa Cook will be at the Federal Reserve Baord meeting tomorrow and Wednesday.
ALERT: Appeals court says Lisa Cook can remain Fed governor for now, rejecting Trump bid to remove her
www.cbsnews.com/news/lisa-co...
— Scott MacFarlane (@macfarlanenews.bsky.social) 2025-09-16T00:18:20.540Z
https://www.cbsnews.com/news/lisa-cook-federal-reserve-ruling-trump-firing-appeals-court-fomc/
Washington A federal appeals court on Monday rejected a bid from President Trump's administration to allow the president to fire Lisa Cook from the Federal Reserve Board of Governors, leaving intact a lower court order that reinstated her to the post.
The U.S. Court of Appeals for the D.C. Circuit divided 2-1 in declining to grant the Trump administration emergency relief and clear the way for Mr. Trump to remove Cook from her position. The decision all but ensures Cook will remain a governor on the seven-member Fed board through a two-day meeting of its interest rate-setting committee, which Cook sits on and is set to begin Tuesday.
Mr. Trump moved to oust Cook from the Fed's Board of Governors last month over allegations of mortgage fraud. Cook denies any wrongdoing.
Judge Bradley Garcia wrote in a concurring opinion joined by Judge Michelle Childs that Cook is likely to succeed in arguing that Mr. Trump's attempt to remove her violated her due process rights. Judge Gregory Katsas dissented.
The Trump administration asked the D.C. Circuit for emergency relief after U.S. District Judge Jia Cobb ruled that Cook's firing likely violated the Federal Reserve Act and her due process rights.