The Trump administration has asked a federal appeals court to remove Federal Reserve Governor Lisa Cook from the central bank’s board by Monday, ahead of next week’s critical interest rate meeting.
In an emergency motion filed late Wednesday, government lawyers urged the appeals court to stay U.S. District Court Judge Jia Cobb’s ruling that reinstated Cook. Judge Cobb found that the administration had not met the “for cause” standard required under the Federal Reserve Act, ruling that allegations about Cook’s 2021 mortgage applications predated her tenure on the board and could not justify her removal.
The administration argued that the district court applied too narrow a definition of “for cause,” explaining that Cook’s alleged conduct “indisputably calls into question her trustworthi