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3h ago

Lisa Cook Sues to Block Trump’s Firing, Forcing Fast Court Test of Fed Removal Power

The case, now on an expedited track, will test whether the Federal Reserve Act’s “for cause” limit shields governors from presidential removal.

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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Overview

  • Cook filed suit in federal court in Washington seeking a temporary restraining order to halt her removal and preserve her seat on the Federal Reserve Board.
  • Judge Jia Cobb set an emergency hearing for Friday morning as the court weighs Cook’s claim that the law requires proven cause to oust a governor.
  • Trump announced Cook’s immediate dismissal in a letter posted on Truth Social, citing alleged misleading statements on 2021 mortgage applications.
  • The allegations were first raised publicly by FHFA Director Bill Pulte on social media; no public DOJ charges or formal investigation have been announced.
  • Cook, represented by Abbe Lowell, argues the accusations are a pretext to sway monetary policy; her lawsuit also names Jerome Powell and the Fed’s Board, and the Fed says it will follow the court’s decisions.