Appeals Court Blocks Trump’s Attempt to Remove Fed Governor Lisa Cook Ahead of FOMC Meeting

A federal appeals court has temporarily barred former President Donald TRUMP from dismissing Federal Reserve Governor Lisa Cook, ensuring her participation in this week's critical FOMC meeting. The 2-1 ruling maintains the status quo while Cook's lawsuit against Trump proceeds, marking a significant check on presidential authority over central bank officials.

The court rejected Trump's emergency stay request, finding his legal team failed to demonstrate irreparable harm or a likelihood of success on appeal. This decision preserves institutional continuity at the Fed during a period of heightened market sensitivity to monetary policy signals.

Cook's ongoing role assumes particular importance as the FOMC prepares to deliberate on interest rate policy. Market participants had been closely watching the case for potential implications on Fed independence and governance stability.