Overview

• U.S. District Judge Jia Cobb issued a temporary restraining order requiring Chair Jerome Powell and the Board to keep Cook in office while her lawsuit proceeds.
• Cobb found Cook is likely to succeed on claims that the Federal Reserve Act’s “for cause” removal standard and her due‑process rights were violated, noting the allegations predate her service.
• The ruling preserves Cook’s ability to participate in the Federal Reserve’s Sept. 16–17 policy meeting as the case continues.
• The White House signaled an appeal, and the Justice Department said it has begun pursuing review in the D.C. Circuit.
• The mortgage‑fraud accusations—advanced by FHFA Director William Pulte—are under DOJ investigation with grand‑jury subpoenas reported, and Cook denies any wrongdoing.