
Court rules Lisa Cook can remain a Fed governor while fighting Trump’s attempt to fire her
The White House insists President Donald Trump “lawfully removed” Federal Reserve Gov. Lisa Cook despite a court ruling she can remain in her position while she fights efforts to fire her. Tuesday’s ruling is a blow to the Trump administration’s efforts to assert more control over the Fed and will almost certainly be appealed. The Republican president said he was firing Cook over allegations she committed mortgage fraud related to properties she bought in Michigan and Georgia before she joined the Fed. Cook’s lawyers argue firing her was unlawful. U.S. District Judge Jia Cobb granted Cook’s request for a preliminary injunction blocking her firing while the dispute makes its way through the courts.