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2025-09-15 04:33
President Donald Trump is making a final push to remove Federal Reserve Governor Lisa Cook ahead of next week’s interest-rate meeting, urging a U.S. appeals court to lift an injunction that blocked her dismissal, the Associated Press reported Sunday.
Trump asked the Washington appeals court to pause a Sept. 9 ruling by U.S. District Judge Jia Cobb, who held that the president likely lacked legal grounds to fire Cook and may have violated her due process rights. A three-judge panel could decide as early as Sunday or Monday. If the request is denied, Trump is expected to appeal to the Supreme Court.
The president sought Cook’s removal last month after Federal Housing Finance Agency Director Bill Pulte accused her of mortgage fraud, alleging she claimed two homes as primary residences to obtain favorable loan terms before joining the Fed. Justice Department lawyers argued Sunday that Cook has not explained the discrepancies in her mortgage filings and that this alone justifies lifting the injunction.
Cook’s attorneys countered that her firing would undermine the central bank’s independence, warning of “dire” consequences if the White House could oust Fed officials over unproven allegations. “Even the perception of political influence can destroy investor confidence,” her lawyer Abbe Lowell wrote in court filings.
Recent documents show Cook described one disputed property in Georgia as a “vacation home,” complicating the allegations. The Justice Department did not address those details in its latest filing.
The case now hinges on whether the appeals court will allow Trump’s order to take effect while the broader legal challenge proceeds, a decision that could shape both the Fed’s independence and the outcome of its Sept. 16-17 policy meeting.
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