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Supreme Court Blocks Trump's Attempt to Remove Fed Governor Lisa Cook

The Supreme Court stands against Trump's attempt to remove Lisa Cook. The Fed governor will continue her role while the legal battle unfolds.

,   and  Administrator
1 min read
At the bottom of the picture, we see two men and a woman are sitting on the chairs. In front of...
At the bottom of the picture, we see two men and a woman are sitting on the chairs. In front of them, we see a man in the black blazer is standing and he is talking on the microphone. Beside him, we see a flower pot or a flower bouquet. Beside that, we see a table on which a book, water bottle and some other objects are placed. Behind him, we see a podium on which the microphones are placed. In the background, we see a brown wall and a board in white, blue and red color with some text written on it. This picture might be clicked in the conference hall.

Supreme Court Blocks Trump's Attempt to Remove Fed Governor Lisa Cook

Lisa Cook, a Federal Reserve governor appointed by President Joe Biden, has been targeted for removal by the Trump administration. The Supreme Court has intervened, allowing Cook to remain in her position pending a hearing in January 2025.

Cook's confirmation by the U.S. Senate in May 2022, following her nomination by President Joe Biden in January 2022, has been challenged by the Trump administration. The White House has launched an unprecedented campaign to reshape the Fed Board.

The Supreme Court's decision to allow Cook to stay in her position maintains the current state of affairs, favouring the independence of the Federal Reserve. The high court will consider in December whether to block a lower-court ruling in Cook's favour while her challenge to her firing continues.

Cook has denied any wrongdoing regarding accusations of mortgage fraud and has not been charged with a crime. She has stated her intention to remain in her job and not be 'bullied' by Trump. Notably, the Supreme Court's order is a rare instance where Trump has not swiftly obtained what he wanted from the justices in an emergency appeal.

Lisa Cook will continue to participate in the remaining two Fed meetings in 2025, including the late October interest rate-setting committee meeting, as the legal process unfolds.

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