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2d ago

Appeals Court Keeps Lisa Cook on Fed Board Before Rate Vote

The majority faulted the lack of due process, prompting the White House to prepare a Supreme Court appeal.

Lisa Cook in Washington, D.C., on June 25, 2025.
FILE - Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington.
White House Council of Economic Advisers Chairman Stephen Miran sits during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, D.C., U.S., February 27, 2025. REUTERS/Annabelle Gordon/File Photo
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Overview

  • In a 2-1 ruling, the D.C. Circuit left a lower-court injunction in place so Cook remains a governor during the Sept. 16–17 policy meeting.
  • Judges Bradley Garcia and J. Michelle Childs said the administration provided no notice or chance to respond; Judge Gregory Katsas dissented.
  • U.S. District Judge Jia Cobb previously reinstated Cook after Trump moved to fire her for alleged pre-appointment mortgage misconduct, which Cook denies.
  • The White House maintains the president lawfully removed her for cause and said it will seek Supreme Court intervention.
  • Separately, the Senate confirmed White House economist Stephen Miran 48–47, and he was sworn in to join the board as the meeting opened.