General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums10am hearing for *tomorrow* on the emergency bid by Lisa Cook to remain in her job at the Fed.
This was fast. I suspect that there will be some attempt by trump to delay this hearing
JUST IN: Judge COBB has set a 10am hearing for *tomorrow* on the emergency bid by Lisa Cook to remain in her job at the Fed.
— Kyle Cheney (@kyledcheney.bsky.social) 2025-08-28T16:27:49.514Z

ms liberty
(11,364 posts)Thanks!
Hassin Bin Sober
(27,497 posts)Response to ms liberty (Reply #1)
LetMyPeopleVote This message was self-deleted by its author.
LetMyPeopleVote
(182,047 posts)newdeal2
(5,607 posts)LetMyPeopleVote
(182,047 posts)US District Judge Jia Cobb is a Biden appointee who recently ruled against Trump on deportations.
Link to tweet
https://www.politico.com/news/2025/08/28/federal-reserve-lawsuit-judge-jia-cobb-00533672
Cooks lawsuit Thursday was randomly assigned to U.S. District Judge Jia Cobb, who was appointed to the federal bench in Washington, D.C., by Joe Biden in 2021. Cobb, a former public defender, was Bidens first appointment to Washingtons district court, which has 15 full-time judges.
In a ruling earlier this month, Cobb blocked the Trump administrations attempt to rapidly deport hundreds of thousands of immigrants who had fled violence or oppression in their home countries. The immigrants had previously been permitted to enter or remain temporarily in the U.S. under a program known as parole.
Will they be summarily removed from a country that as they are swept up at checkpoints and outside courtrooms, often by plainclothes officers without explanation or charges may look to them more and more like the countries from which they tried to escape? Cobb wrote in an 84-page decision against the deportation effort.....
Cobb, 45, is a graduate of Northwestern University and Harvard Law School. After working at the D.C. Public Defender Service early in her career, she joined a Washington-area firm that primarily handles employment-related litigation.
LetMyPeopleVote
(182,047 posts)I may listen in
If governor Lisa Cook is removed, the outcome would be momentous, said JPMorgan chief U.S. economist Michael Feroli.
Link to tweet
https://www.nbcnews.com/business/economy/lisa-cook-sues-trump-administration-hearing-what-to-know-rcna227888
At stake is the independence of the Federal Reserve, the worlds most important central bank.
As noted by JPMorgan chief U.S. economist Michael Feroli, Cooks firing from the Fed, if successful, would create the second vacancy on the board in less than a month and would allow the president to move that body in a direction more to his liking.
If the president were successful, the outcome would be momentous, Feroli added.
Gaining a majority on the Feds board does not automatically give Trumps nominees power to raise, lower or keep interest rates unchanged, but his nominees could, as soon as February, decline to renew or confirm a fresh four-year term for regional Fed bank presidents who get a vote on interest rates.
Those presidents are key to the 12-member Federal Open Market Committee, which comprises the Fed chair, six Fed governors and five regional Fed presidents. Those presidents come from Federal Reserve banks from New York and San Francisco to Chicago and Atlanta.
malaise
(297,947 posts)for visibility
LetMyPeopleVote
(182,047 posts)LetMyPeopleVote
(182,047 posts)The govt. is taking the position that Lisa Cook had due process when she did not contest in public the charges made against her. I hope that the court disagrees with this
Kick in to the DU tip jar?
This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.
As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.