A federal appeals court on Monday rejected President Donald Trump’s bid to remove Federal Reserve governor Lisa Cook, allowing her to remain on the board ahead of a crucial vote on interest rates.
The administration is expected to appeal quickly to the Supreme Court in a last effort to block her participation in the Fed’s policy meeting this week.
An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor for now, rebuffing President Donald Trump's efforts to remove her just ahead of a key vote on interest rates. https://t.co/G94zAhvJYN
— The Washington Times (@WashTimes) September 16, 2025
Trump moved to oust Cook on August 25 after accusations of mortgage fraud, though she has denied wrongdoing and has not been charged. A lower court and now the appeals court found the administration’s case lacking, ruling that Cook was denied due process.
🚨 BREAKING: In an outrageous ruling, a federal court just ALLOWED Democrat Fed Governor Lisa Cook to remain on and VOTE in tomorrow's Fed meeting, deciding against President Trump who tried to fire her for mortgage fraud.
— Eric Daugherty (@EricLDaugh) September 16, 2025
The Fed is losing credibility, and rapidly.
This is an… pic.twitter.com/sZgys6wF3I
The White House push to unseat Cook marks the first attempt by any president to fire a Fed governor since the central bank’s creation in 1913, raising concerns about the Fed’s independence. The Fed is expected to cut rates this week amid a weakening labor market.
Related:
TIPP Staff
