Lisa Cook and the Fed: Court Ruling Before a Key Rate Meeting

An appeals court said Lisa Cook can stay on the Federal Reserve Board. The court kept a lower court order that blocks her removal. President Trump had tried to remove her. A judge in Washington, D.C., had earlier blocked the firing while the case moves in court.

The decision came just before a Fed meeting on September 16 and 17 when officials are expected to cut interest rates. Cook denies the mortgage fraud claims against her. The allegations relate to two properties she bought in 2021, before she joined the Fed. She will be allowed to take part in rate decisions while the legal fight continues. Lawyers expect the case to go on in the courts.