Chairman of the Federal Reserve Jerome Powell, left, administered During a ceremony in the William McChesney Martin Jr. Building of the Federal Reserve May 23, 2022 in Washington, DC (Photo by Drew Angerer/Getty Images), to be a member of the administrative council of the Governors of the Federal Reserve, during a ceremony in the William McChesney Martin Jr. Building of the Federal Reserve, as a member of the Federal Reserve’s governorate, during a ceremony in the William McChesney Martin Jr. Building of the Federal Reserve, being a member of the Board of Directors of the Federal Reserve System.
Washington – The Supreme Court of the United States will take the question of dismissing the governor of the Federal Reserve Board by President Donald Trump, Lisa Cook, after a connection submitted by the court.
In the unused order, Trump’s application for the decision of a lower court to keep the cook on board, while the case drops, postponed to an unspecified date in January until the oral arguments.
Trump tried to remove Cook from the Governor Board of Governors from the Federal Reserve at the end of August and claimed that she lied a mortgage application. A federal district judge Page with cook In early September after her challenged the president in court.
A three-judge Rejection Trump’s appointment to overthrow the decision of the under court and confirmed on September 16 that Cook could keep its position in the course of the case.
Trump card asked The Supreme Court to intervene and its series of petitions to the judges since the beginning of its second term. The decision could have a major impact on Trump’s powers as managing director.
The press spokesman for the White House, Karoline Leavitt, said reporters on Wednesday that the government was confident about the legality of Cooks.
“Look, we have respect for the Supreme Court, but you will hear the actual case and make a decision on the legal argument in January. And we look forward to it because we say that it was well released in the legal authority of the president to do so.
The legal dispute takes place against a background of Trump’s persistent pressure to join the decisions of the independent central bank.
For months, Trump and his allies have attacked the Federal Reserve, Jerome Powell, with the antagonization of social media positions in the middle of Trump’s continued campaign for lower interest rates.
The President and the Republicans of the Senate recently set up Stephen Miran, economist of the White House, on the board. Miran judges as chairman of the White House Council of Economic Advisers while serving in the role.
The Fed lowered interest rates for the first time in 2025 on September 17th by a quarter of a percentage point. Miran was the only governor of the board who, after the lobbying work, voted for half a point shortening against the change.
Cook, the first black woman served in the Fed Board, was appointed in 2023 by the former President Joe Biden and confirmed by the Senate in A 51-47 Vote.
The double reserve mandate is to maximize the nation’s employment and at the same time stabilize prices by remaining low and stable over a long period of time. Among the tools, the central bank regulates interest rates to carry out the two missions to chilly inflation or to promote the economy.
