Overview

• Cook’s federal complaint seeks a temporary restraining order and declares the removal unlawful under the Federal Reserve Act’s for‑cause limit.
• U.S. District Judge Jia Cobb scheduled an emergency hearing for today after the filing named the president, the Fed’s Board and Chair Jerome Powell as defendants.
• The White House cites accusations amplified by FHFA Director Bill Pulte about 2021 mortgage applications as sufficient cause for dismissal.
• News reports note no formal criminal charges against Cook, and the Federal Reserve says it will abide by whatever the courts decide.
• If the removal stands, Trump could add another governor to the seven‑member board alongside his nominee for the Adriana Kugler vacancy, potentially shifting policy direction.