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yesterday

D.C. Circuit Keeps Lisa Cook on Fed Board as White House Seeks Supreme Court Review

The majority found her likely to prevail on a due process claim over a for-cause ouster based on uncharged mortgage allegations.

FILE - Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)
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. (AP Photo/Mark Schiefelbein, File)

Overview

  • By a 2–1 vote, the D.C. Circuit blocked President Trump’s removal order, keeping Lisa Cook in office while her lawsuit proceeds.
  • Judge Bradley N. Garcia, joined by Judge J. Michelle Childs, held that Cook is likely to succeed on her Fifth Amendment due process claim.
  • Judge Gregory G. Katsas dissented, arguing the President properly invoked the Federal Reserve Act’s for-cause standard and that the office confers no property right.
  • The ruling enables Cook to participate and vote in this week’s two‑day FOMC meeting on interest rates.
  • The White House says the removal was lawful and will seek emergency review at the Supreme Court, as no criminal charges have been filed related to the mortgage allegations.