Court rules Lisa Cook can remain a Fed governor for now while fighting Trump's attempt to fire her
WASHINGTON (AP) — A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her.
The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed, which sets short-term interest rates to achieve its congressionally mandated goals of stable prices and maximum employment. Congress has also sought to insulate the Fed from day-to-day politics.
U.S. District Judge Jia Cobb late Tuesday granted Cook’s request for a preliminary injunction blocking her firing while the dispute makes its way through the courts. Cobb ruled that Cook would likely prevail in the lawsuit she filed late last month to overturn her firing.
https://apnews.com/article/federal-reserve-governor-lisa-cook-trump-firing-651fcf0637cf14901bbd559df00c856b
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Judge Cobb found that there was no cause to fire Lisa Cook. trump is appealing to the DC Circuit which has set a very short time frame for briefing.
Link to tweet
Here is Lisa Cook's filing which is a fun read.
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https://storage.courtlistener.com/recap/gov.uscourts.cadc.42372/gov.uscourts.cadc.42372.01208775253.0.pdf
I was pleased to see that this filing contained a footnote on the recently disclosed facts that showed that Lisa Cook did NOT commit mortgage fraud
I have not seen the trump fling which was supposed to be flied this afternoon. I suspect that trump will object to these facts cited above.