Appeals Court Says Lisa Cook Can Remain on Fed Board
A federal appeals court on Monday denied a last-minute attempt by President Trump to fire Lisa Cook, a Federal Reserve governor, and prevent her from participating in a crucial two-day Fed meeting to set interest rates.
As a result, Ms. Cook will be able to cast a vote at the gathering, which begins on Tuesday.
This is the second legal defeat for Trump in his quest to fire Cook in an effort to make the Fed report to him. Yet another violation of separation of powers.
As a result, Ms. Cook will be able to cast a vote at the gathering, which begins on Tuesday.
This is the second legal defeat for Trump in his quest to fire Cook in an effort to make the Fed report to him. Yet another violation of separation of powers.
