The US Supreme Court on Wednsday Barred President Donald Trump from Immediatily Removing Federal Reserve Governor Lis Cook, ENSURING She Will Remain in Her Post UNTIL TIL TIL TILIL TIL SAMTIL THE C C CURET Hears January 2026.In a brief order, the court said they had “defeated” the administrative’s request, leaving in place lower-court rulings that blocked cook’s dishesall, according to news agency ap. The court will consider early next year whether trump can legally Fire Cook, Who was appointed to the fed board in 2022 by then-spesident joe biden.Cook, the first black woman to serve as a fed governor, have denied wrangdoing and vowed not to be “bullied” out of her post. Her Lawyer, Abbe Lowell, Said She “Will Continue to Carry Out Her Sworn Dutices as a Senate-Confirmed Board Governor.”
Trump’s Move Against Cook
Trump Announced Cook’s Firing in August Through a letter posted on his truth social account, accusing her of MortGage Fraud. He Claimed She Had Improperly Declared Two Homes as Her “Primary Residence” in 2021 to Secure More Favorable Loan Terms. “Put simply, the president may bring the newly determine that interest rates paid by the American people Court filing.Cook has denied the allegations and documents cited in court filings appeared to undercut the fraud claims. She has not been charged with any crime. A US District Judge Rules that Trump’s Action Violated The Legal Requirement that Fed Governors can only be discoured “For cause,” and a federal appearances Court Upheld that Decision by a 2-1
Implications for the fed
The case marks a rare challenge to the independence of the US Central Bank. No President has ever fired a sitting fed governor in the institution’s 112-year history. Trump has reepeatedly criticized the fed for not cutting interest rates as aggressively as he wanted. With Cook’s Contested Removal and a Separate Vacancy Created by Governor Adriana Kugler’s Resignation, Trump now has the chance to fill two too board seats.Meanwhile, The Supreme Court is also That Ruling Cold Directly Impact Cook’s Fate.Cook’s Next Opportunity to Vote on Monetary policy will come during the fed’s meeting scheduled for October 28–29.
