Trump Blocked From Ousting Fed Governor Lisa Cook Before Pivotal Interest Rate Decision By Appeals Court Ruling

About Trump Blocked From Ousting Fed Governor Lisa Cook Before Pivotal Interest Rate Decision By Appeals Court Ruling

Federal appeals judges prevented Trump from firing Fed Governor Lisa Cook before a critical interest rate decision. Trump aimed to oust her amid allegations she denies, but the court ruled she can stay on the board during her lawsuit. The move was part of broader clashes over Fed independence, with judges noting potential violations of due process. The decision maintains stability at the Federal Reserve during key policy deliberations, highlighting ongoing legal and political tensions surrounding federal appointments.