Appeals court rejects Trump bid to fire Fed governor Lisa Cook
An appeals court rejected President Donald Trump’s effort to remove Federal Reserve governor Lisa Cook from her position.
The U.S. Court of Appeals for the District of Columbia Circuit ruled 2-1 against Trump’s bid for emergency relief to fire Cook before the two-day Fed meeting on Tuesday. The court ruled that she will stay in her position as she litigates her dispute with the president. Trump is likely to seek aid from the Supreme Court, but it’s unlikely a ruling will be made before the meeting begins.
In a concurring opinion written by Judge Bradley Garcia, joined by Judge Michelle Childs, he argued that Cook is likely to succeed in her case against Trump, so she should remain in her position for the time being.
“Given that Cook has a property interest in her position, she is entitled to ‘some kind’ of process before removal,” Garcia wrote. “Before this court, the government does not dispute that it provided Cook no meaningful notice or opportunity to respond to the allegations against her. The government argues only that Cook ‘does not explain what difference a hearing would have made.’