Fed convenes meeting with a governor newly appointed by Trump and another he wants to oust
September 16, 2025
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal. With those two in place, the Fed’s two-day meeting could be unusually contentious for an institution that typically prefers to operate by consensus. The White House said it would appeal a ruling late Monday that allowed Fed governor Lisa Cook to remain on the board despite President Donald Trump’s attempt to fire her.