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7h ago

Trump Asks Supreme Court to Let Him Remove Fed Governor Lisa Cook

The administration seeks an emergency stay of rulings that found Cook likely entitled to due process before removal.

FILE - Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)
FILE - Board of Governors of the Federal Reserve member Lisa Cook, speaks during a conversations with leaders from organizations that include nonprofits, small businesses, manufacturing, supply chain management, the hospitality industry, and the housing and education sectors at the Federal Reserve building, Sept. 23, 2022, in Washington. (AP Photo/Manuel Balce Ceneta, File)
FILE - Federal Reserve Chairman Jerome Powell, left, talks with Board of Governors member Lisa Cook, right, during an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)

Overview

  • Solicitor General D. John Sauer filed an emergency application asking the justices to lift lower-court blocks and requested a short-term administrative order to take Cook off the board immediately.
  • U.S. District Judge Jia Cobb enjoined Cook’s removal, and a divided D.C. Circuit panel left that order in place, noting she likely has a property interest in her office and received no meaningful chance to respond.
  • Cook remained in her seat and participated in this week’s Federal Open Market Committee meeting, voting for the quarter-point interest-rate cut.
  • The White House cites alleged inconsistencies in 2021 mortgage documents as cause for removal; Cook denies wrongdoing, documents show she described an Atlanta condo as a vacation home, and no charges have been filed.
  • Justice Department officials have opened a mortgage-fraud probe with grand jury subpoenas in Georgia and Michigan, and the case tests the undefined ‘for cause’ removal standard for Fed governors and the central bank’s independence.