‘The era of Fed independence would be over,’ Cook’s lawyers warn
The Federal Reserve Governor Lisa Cook of the US Court of Appeal requested that the Trump administration’s latest attempt to remove it from his post before the Central Bank vote for interest rates.
In submitting a request to the court on Saturday, the lawyers asked the court on behalf of the court from the rejection of the emergency application by the Trump administration to establish a ruling in the minimum of which would clarify the way for President Donald Trump to remove cooking from the Governor Council in the Federal Reserve.
Cook’s lawyers argue that the Trump administration has not shown a sufficient reason for its launch, and they stressed the risks to the economy and the country if the president allowed the dismissal of the FBI governor for no reason.
Thus, residency in this court will be the first indication of the courts that our government system is no longer able to ensure the independence of the federal reserve. Nothing will prevent the president from launching other members of the board of directors with similar luxury.
The court gave the Trump administration the option to respond to the Cook file by 3 pm on Sunday.
At stake, whether the Trump administration will succeed in its extraordinary efforts to form a board of directors before the Federal Reserve Personal Council meeting on Tuesday and Wednesday. Meanwhile, Republicans in the Senate are pressing Stephen Miran’s assertion, President Donald Trump’s candidate in an open place in the Federal Reserve, which could happen after Monday.
Trump Cook was accused of defrauding the mortgage because she seemed to demand property as “basic housing” in July 2021, before joining the council. These claims can lead to a decrease in the real estate mortgage rate and smaller payments than if one of them was announced as a rented drug or a second house.
Cook denied the charges and filed a lawsuit against the Trump administration to prevent shooting.
On Tuesday, the US District Court Jia Cope ruled that the administration did not satisfy a legal condition that the Conservatives could not be expelled the Federal Reserve Bank only “for the reason”, which it said was limited to misconduct while he was in office. Cook did not join the Federal Reserve Panel until 2022.
Then the administration appealed the decision and requested a ruling in emergency situations that reflect the minimum court order by Monday. In their resumption in emergency situations, Trump’s lawyers have argued that even if the behavior occurred before Cook as a ruler, its alleged action “calls to some extent to merit Cook with confidence and whether it could be a means responsible for interest rates and economics.”
If the Trump administration is resuming, Cook will be removed from the Federal Reserve until its judgment is eventually resolved in the courts, and the Federal Reserve meeting will miss next week, when the central bank is appointed to report whether the main interest rate will be reduced.
If the Court of Appeal rules in favor of Cook, the administration can seek a ruling in emergency situations from the Supreme Court.
The federal reserve is under relentless pressure from Trump to reduce rates. The central bank has retained prices since late 2024 due to fears that the irreplaceable tariff policies in the Trump administration will feel pressure.
Last month, Federal Reserve Chairman Jerome Powell indicated that federal reserve officials are increasingly concerned about the weakest employment, paving the way for the reduction of next week. Most economists expect the Federal Reserve to reduce the standard interest rate by a quarter of a point to about 4.1 %.
When the Federal Reserve reduces its main average, it often, over time, reduces borrowing costs for mortgage, car loans and business loans. Some of these rates have already decreased in anticipation of discounts from the Federal Reserve.
2025-09-13 23:16:00
