{"id":147430,"date":"2025-09-16T06:04:09","date_gmt":"2025-09-16T06:04:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/147430\/"},"modified":"2025-09-16T06:04:09","modified_gmt":"2025-09-16T06:04:09","slug":"setback-for-trump-federal-reserve-governor-lisa-cook-to-stay-in-role-ahead-of-rate-meeting-appeals-court-steps-in","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/147430\/","title":{"rendered":"Setback for Trump? Federal Reserve Governor Lisa Cook to stay in role ahead of rate meeting; appeals court steps in"},"content":{"rendered":"

\"SetbackDonald Trump, Federal Reserve governor Lisa Cook A federal appeals court has ruled that Federal Reserve Governor Lisa Cook can remain in her post, allowing her to take part in this week\u2019s closely watched interest rate meeting, despite President Donald Trump\u2019s attempt to remove her from the board. The decision from the US Court of Appeals for the District of Columbia Circuit came on Monday, hours after Trump announced Cook\u2019s dismissal in a letter posted on Truth Social, accusing her of mortgage fraud.\u201cIn light of your deceitful and potentially criminal conduct in a financial matter, [Americans] cannot and I do not have such confidence in your integrity,\u201d Trump wrote. \u201cI have determined that there is sufficient cause to remove you from your position.\u201d Cook, the first Black woman to serve on the Fed\u2019s board, has denied the allegations and pledged not to be \u201cbullied to step down.\u201d She has also filed a lawsuit against the Trump administration, arguing that the accusations are unrelated to her role at the central bank and remain unproven.<\/p>\n

U.S. Dollar CRASHES Hours After Trump’s Unprecedented Move Against Fed Governor Cook | Details<\/p>\n

The allegations originated with Bill Pulte, head of the Federal Housing Finance Agency, who claimed Cook had listed more than one home as her primary residence in 2021 to secure favourable mortgage terms. The Justice Department has since opened an investigation, with subpoenas issued in Georgia and Michigan, and reports suggesting a grand jury in Atlanta is examining the case. Cook has not been charged, and her legal filing describes the allegations as a pretext to force her out and open a seat for Trump to fill.Legal experts say the case raises fundamental questions about the independence of the Federal Reserve. Governors can only be removed \u201cfor cause,\u201d a standard that historically covers proven misconduct or neglect. Trump\u2019s move marks the first attempt by a president to fire a sitting Fed governor in the institution\u2019s 112-year history, and observers expect the dispute could reach the Supreme Court.The legal fight comes as the Fed begins a two-day policy meeting, with markets anticipating a rate cut of at least 25 basis points. Investors are watching closely for signals of further easing as the US economy slows and trade talks with China continue. <\/p>\n","protected":false},"excerpt":{"rendered":"Donald Trump, Federal Reserve governor Lisa Cook A federal appeals court has ruled that Federal Reserve Governor Lisa…\n","protected":false},"author":2,"featured_media":147431,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,2071,78627,51018,78629,78628],"class_list":{"0":"post-147430","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-federal-reserve","12":"tag-interest-rate-meeting","13":"tag-lisa-cook","14":"tag-mortgage-fraud-allegations","15":"tag-trump-dismissal"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/147430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=147430"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/147430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/147431"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=147430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=147430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=147430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}