After becoming the first Black woman to sit on the Federal Reserve board, Lisa Cook continues to fight to keep her job after President Trump announced her firing in August of this year, as a result of accusing her of mortgage fraud, which was found to have occurred before her time in the role. Though federal law provides President Trump the right to remove a member of the board, under the Federal Reserve Act, the reasoning must be tied to a cause such as grand misconduct or the intentional act of unlawful practice as a public official.

The U.S. Court of Appeals rejected President Trump’s request to remove Cook from her role in a two-to-one voting decision, allowing Cook to stay in her role temporarily. According to CBS News, U.S. District Judge Jia Cobb ruled that Cook’s initial firing in

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