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Trump cannot fire Fed's Lisa Cook before FOMC meeting, appeals court rules
CNBC·2025-09-16 08:14

Lisa Cook, governor of the US Federal Reserve, during the Thomas Laubach Research Conference hosted by the US Federal Reserve Board of Governors in Washington, DC, US, on Friday, May 19, 2023.A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank's policy committee votes on whether to lower interest rates.The ruling from the U.S. Court of Appeals for the District of Columbia Circuit means that Cook, a member of the Fed's board ...