Appeals court rejects Trump's bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote

[Yo_Mama_Been_Loggin]

WASHINGTON (AP) — An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates.

The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook. The Fed's next two-day meeting to consider its next interest rate move begins Tuesday morning. And Cook’s lawsuit seeking to permanently block her firing must still make its way through the courts.

The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed’s seven-member governing board, which was designed to be largely independent from day-to-day politics. No president has fired a sitting Fed governor in the agency’s 112-year history.

Separately, Senate Republicans on Monday confirmed Stephen Miran, Trump’s nominee to an open spot on the Fed’s board. Barring any last-minute intervention from the Supreme Court, the Fed's interest rate setting committee will meet Tuesday and Wednesday with all seven governors and the 12 regional bank presidents.

https://www.yahoo.com/news/articles/appeals-court-rejects-trumps-bid-001919384.html

Fuck you Donny

[LetMyPeopleVote]

1. Appeals court allows Federal Reserve governor Lisa Cook to keep her job

The Trump administration wants to remove the board member of the powerful central bank before a key meeting Tuesday on setting interest rates.

Link to tweet

https://www.washingtonpost.com/politics/2025/09/15/lisa-cook-supreme-court-federal-reserve-firing/

A divided federal appeals court on Monday ruled Federal Reserve governor Lisa Cook can keep her job, turning aside an appeal by the Trump administration that sought to fire her ahead of the central bank’s key meeting this week on setting interest rates.

The Trump administration was expected to quickly appeal the decision to the Supreme Court.

Trump has accused Cook of mortgage fraud — a charge she denies — and has sought her dismissal.

But attorneys for Cook wrote in filings that trying to remove her so close to this week’s meeting could throw the central bank’s vote on interest rates into “chaos” and has the “real potential of impacting domestic and foreign markets.”

Cook’s attorneys added in a Saturday filing that allowing Trump’s firing would transform the Fed “from a historically independent institution into an at will body, leaving the nation’s central bank (and its monetary policy) at the mercy of the White House and its political whims."

[mountain grammy]

2. Well we know Roberts and Co don't move that fast

but I'm sure they'll make an exception for their mad king, as they do.