Cook Remains on Board Ahead of Key Interest Rate Meeting

An appeals court ruled on Monday that Lisa Cook can remain a Federal Reserve governor, a decision that comes as the central bank prepares for a key vote on interest rates. The ruling addresses an attempt by President Donald Trump to remove her from the board.

The Trump administration is anticipated to seek an appeal to the Supreme Court in an effort to remove Cook before the Federal Open Market Committee (FOMC) meets. Additionally, Cook’s own lawsuit seeking to permanently block her removal is still in the court system.

The effort to unseat Cook marks a rare move to influence the Fed’s seven-member governing board, which was established with a degree of independence from day-to-day politics.

The Fed, founded in 1913, has no histo

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