Trump Seeks Emergency Stay to Oust Fed’s Lisa Cook Ahead of Rate Decision

The WHITE House is pressing for an expedited ruling on President Trump's attempt to remove Federal Reserve Governor Lisa Cook, filing an emergency stay request with a federal appeals court. The move comes just days after a district judge blocked the ouster, citing likely violations of the Federal Reserve Act and Cook's due process rights.

Trump's legal team argues the president has authority to dismiss Cook for cause, claiming such action WOULD bolster the Fed's integrity. The administration seeks a decision by Monday—one day before the central bank's critical rate-setting meeting—which would allow Cook's removal to take effect before the full appeal is heard.

This eleventh-hour legal maneuver threatens to disrupt the Fed's delicate policy deliberations amid heightened market sensitivity to interest rate decisions. The outcome could set a precedent for presidential authority over the traditionally independent central bank.