this post was submitted on 16 Sep 2025
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A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve governor Lisa Cook — the first time a president has pursued such action since the central bank's founding in 1913 — in the latest step in a legal battle that threatens the Fed's longstanding independence.

The decision by the U.S. Court of Appeals for the District of Columbia Circuit means that Cook can for now remain at the Fed ahead of its policy meeting on Tuesday and Wednesday, when it is expected to cut U.S. interest rates to shore up a cooling labour market.

The court denied the Justice Department's request to put on hold a judge's order temporarily blocking the Republican president from removing Cook, an appointee of Democratic former president Joe Biden.

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[–] ayyy@sh.itjust.works 7 points 15 hours ago (1 children)

Meanwhile the performative senate has already confirmed a replacement. Republicans have completely removed the rule of law.

[–] MNByChoice@midwest.social 2 points 7 hours ago* (last edited 7 hours ago)

Damn, that did happen. https://apnews.com/article/federal-reserve-miran-trump-70a09bdf2e10839f35e1596cafe5c415

No it didn't, this was for "Adriana Kugler"'s seat.