Overview
- Justice Department lawyers asked the justices to lift lower-court orders that kept Cook on the Federal Reserve Board while her lawsuit proceeds.
- U.S. District Judge Jia M. Cobb blocked the removal on Sept. 9, and a divided D.C. Circuit panel refused to stay that order, finding Cook’s due process claim likely to succeed.
- Solicitor General John Sauer argued the courts improperly interfered with the president’s authority to remove governors for cause and urged emergency relief.
- Trump cites alleged misstatements on 2021 mortgage documents as cause, which Cook denies, with documents indicating she labeled an Atlanta property a vacation home and no charges filed as a DOJ probe continues.
- Cook remained in her seat for this week’s policy meeting and voted for a quarter-point rate cut, as the unprecedented clash tests the Fed’s for-cause protections and the scope of presidential removal power.