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2h ago

Fed Governor Lisa Cook Sues to Block Trump’s Attempted Removal

The suit challenges presidential power over the central bank by invoking the Federal Reserve Act’s “for cause” removal standard.

Lisa Cook, miembro de la Junta de Gobernadores de la Reserva Federal, durante una reunión el 25 de junio de 2025, en Washington.
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Lisa Cook presentó una demanda judicial tras el intento de destituirla por parte de Donald Trump.

Overview

  • Lisa Cook filed a federal lawsuit on Aug. 28 seeking an injunction that labels President Trump’s move to oust her as illegal and unprecedented.
  • Her complaint argues the law allows removal of Federal Reserve governors only for cause and says she was denied any proper process.
  • Trump had publicly accused Cook of mortgage-related misconduct from 2021 and demanded her immediate resignation on Truth Social.
  • A Federal Reserve spokesperson said the institution will comply with whatever the courts decide, according to reporting.
  • Coverage and legal analysis say the fight could reach the Supreme Court, and if Cook were removed a new appointment could shift the Board’s voices on interest-rate policy.