Appeals Court Denies Trump’s Effort to Remove Fed’s Lisa Cook Before FOMC
TL;DR Summary
A federal appeals court ruled that President Trump cannot fire Federal Reserve Governor Lisa Cook before the upcoming FOMC meeting, allowing her to participate in the decision on interest rates. Trump had attempted to fire Cook over alleged mortgage fraud, but her lawsuit and the court's decision have prevented her removal for now.
- Trump cannot fire Fed's Lisa Cook before FOMC meeting, appeals court rules CNBC
- Appeals court rejects Trump’s bid to remove Lisa Cook from Federal Reserve ahead of key vote on interest rates Anchorage Daily News
- White House Races to Keep Fed Governor Out of Central Bank Meeting The New York Times
- Exclusive: No evidence of primary residence violation by Fed Gov Lisa Cook, says Michigan official Reuters
- Trump’s case against the Fed’s Lisa Cook goes from bad to worse MSNBC News
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