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Appeals Court Says Lisa Cook Can Remain on Fed Board

The decision came the day before the Federal Reserve begins a two-day meeting at which policymakers are expected to cut interest rates.

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President Trump has tried to oust Lisa Cook from her role as a Federal Reserve governor over allegations of mortgage fraud, even though she hasn’t been charged with a crime.
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Trump Administration to Appeal Ruling That Allows Lisa Cook to Remain at Fed

The administration contested a preliminary injunction, issued late Tuesday, that temporarily blocked President Trump from firing her.

© Mark Schiefelbein/Associated Press

Lisa Cook, a member of the Federal Reserve’s Board of Governors, during a board meeting in June.
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