Trump Revives Legal Battle to Remove Fed Governor Amid Rate Cut Speculation

President TRUMP has reignited efforts to oust Federal Reserve Governor Lisa Cook, filing an appeal on September 14 with the U.S. Court of Appeals for the D.C. Circuit. The move follows a lower court ruling that temporarily blocked Cook's dismissal, with Trump's legal team asserting the President's authority to remove Fed officials 'for cause.'

The dispute stems from August 2025, when Trump accused Cook of 'deceitful and potentially criminal conduct' related to mortgage disclosures. Cook swiftly challenged her termination, arguing violation of due process and presidential overreach. Judge Jia Cobb's September 9 preliminary injunction preserved Cook's position pending judicial review.

DOJ attorneys contend the President's constitutional role includes dismissing Fed Board members over character concerns. The case unfolds against a backdrop of anticipated monetary policy easing, though no direct cryptocurrency market implications are evident in the proceedings.