NextFin news, Federal Reserve Governor Lisa Cook asked a U.S. appeals court on Saturday to reject the White House's bid to remove her from the Federal Reserve Board of Governors. The filing was made in Washington, D.C., where the court is located.
Cook's attorneys submitted the motion in response to an emergency request by the Trump administration seeking a stay of a lower court ruling that would allow President Donald Trump to remove Cook from her post. The legal dispute arises just before the Federal Reserve's next scheduled vote on interest rates.
The Trump administration alleges that Cook committed mortgage fraud before joining the Fed board, an accusation she denies. Cook's legal team argues that firing a Federal Reserve governor without cause threatens the independence of the central bank and risks economic stability.
The appeals court has given the Trump administration until Sunday to respond to Cook's motion. The outcome of this case could impact the governance of the Federal Reserve and its policy decisions.
Lisa Cook has served as a member of the Federal Reserve Board of Governors, a key body responsible for setting U.S. monetary policy. The White House's attempt to remove her has sparked legal challenges centered on the limits of presidential authority over Federal Reserve appointments.
This development was reported by multiple news outlets including The Associated Press, Ottumwa Courier, and Imperial Valley Press on Saturday, September 13, 2025.
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