The Trump administration escalated its legal battle against Federal Reserve Governor Lisa Cook on Wednesday, filing an appeal against a judge's decision allowing her to remain in her position. This aggressive move comes as time runs short before a crucial Federal Reserve rate-setting meeting scheduled for September 16th and 17th. The administration is attempting to remove Cook from the board before this pivotal meeting. A federal judge ruled on Tuesday that the Trump administration cannot remove Cook while her lawsuit contesting their attempts to dismiss her is ongoing. The central question now is whether an appellate court will review the case swiftly enough to impact the upcoming Fed meeting. The outcome of this appeal holds significant implications for the Federal Reserve's monetary policy decisions and the broader economic landscape. The bond market's surprising calm amidst this high-stakes political and legal conflict is also a noteworthy development worthy of further observation. This is a developing story, and further updates will be provided as they become available.
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Originally published at: https://www.axios.com/2025/09/10/trump-lisa-cook-appeal-fed-board-meeting
