Judge prevents Trump from dismissing Fed Governor Lisa Cook
The Supreme Court will likely make the final decision about whether President Trump has legal grounds to remove Lisa Cook from the Federal Reserve Board.
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Lisa Cook made history in 2022 as the first Black woman appointed to the Federal Reserve Board of Governors. Trump attempted to terminate her position due to allegations of mortgage fraud involving property documents she signed before joining the Fed. Cook challenged this action in court, and Judge Jia Cobb issued an injunction blocking her removal.
The judge emphasized that Fed independence must be protected and that removal should only be based on conduct while in office, not previous actions. This case could set an important precedent for Federal Reserve governance.
Original Article
cnbc.comhttps://www.cnbc.com/2025/09/09/fed-lisa-cook-trump-powell-judge-jia-cobb-pulte.html