Trump cannot fire Fed's Lisa Cook before FOMC meeting, appeals court rules [View all]
Source: CNBC
Published Mon, Sep 15 2025 8:14 PM EDT Updated 3 Min Ago
A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank’s policy committee votes on whether to lower interest rates.
The ruling from the U.S. Court of Appeals for the District of Columbia Circuit means that Cook, a member of the Fed’s board of governors, can participate in the pivotal two-day meeting starting Tuesday morning.
Trump’s attorneys on Thursday had submitted an emergency request to pause a lower-court ruling, which barred Cook’s firing from taking effect while her lawsuit against the president’s action continues.
But they have “not satisfied the stringent requirements for a stay pending appeal,” the appellate court ruled in its brief order Monday night. The White House did not immediately respond to CNBC’s request for comment.
Read more: https://www.cnbc.com/2025/09/15/trump-lisa-cook-fed-lawsuit.html
Link to RULING (PDF) - https://storage.courtlistener.com/recap/gov.uscourts.cadc.42372/gov.uscourts.cadc.42372.01208775757.0.pdf
Article updated.
Previous article -
A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank's policy committee votes on whether to lower interest rates.
The ruling from the U.S. Court of Appeals for the District of Columbia Circuit means that Cook, a member of the Fed's board of governors, can participate in the pivotal two-day meeting starting Tuesday morning.
Trump's attorneys on Thursday had submitted an emergency request to pause a lower-court ruling, which barred Cook's firing from taking effect while her lawsuit against the president's action continues. But they have "not satisfied the stringent requirements for a stay pending appeal," the appellate court ruled in its brief order Monday night.
The panel of three judges handling the appeal includes J. Michelle Childs and Bradley Garcia, two appointees of former President Joe Biden, who sided against Trump's bid for a quick stay.
Original article -
A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank's policy committee votes on whether to lower interest rates.
The ruling from the U.S. Court of Appeals for the District of Columbia Circuit means that Cook, a member of the Fed's board of governors, can participate in the pivotal two-day meeting starting Tuesday morning.
Trump's attorneys had submitted an emergency request to pause a lower-court ruling last week, which barred Cook's firing from taking effect while her lawsuit against the president's action continues.
This is breaking news. Please check back for updates.
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