Politics9/10/2025Bloomberg

Trump Can’t Fire Fed Governor Lisa Cook for Now, Judge Says

Trump Can’t Fire Fed Governor Lisa Cook for Now, Judge Says

A federal judge has temporarily blocked President Donald Trump from removing Lisa Cook, a governor of the Federal Reserve, from her position. Cook is currently challenging the president's attempt to remove her, which was allegedly based on allegations of mortgage fraud. The judge's decision allows Cook to remain in her role as the legal battle continues. This move prevents the president from immediately dismissing Cook from the Federal Reserve, which is an independent government agency responsible for the country's monetary policy. The case highlights the ongoing tensions between the executive branch and the central bank, as well as the complex legal and political issues surrounding the governance of the Federal Reserve.

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