Overview

• The emergency filing seeks to overturn a 2–1 D.C. Circuit denial and to permit removal while the litigation continues.
• U.S. District Judge Jia Cobb previously ruled the attempted firing was likely unlawful and said it would deny Cook due process.
• The administration cites mortgage-residence allegations, while documents reviewed by the Associated Press indicate Cook described the Atlanta condo as a vacation or second home and she has not been charged.
• Cook remains on the Board and participated in this week’s FOMC meetings under court protection as a Justice Department inquiry is reported to be ongoing.
• The effort is unprecedented in the Federal Reserve’s 112-year history and comes after the Senate confirmed Stephen Miran to a separate vacant board seat.