Judge blocks Trump from firing Fed Board Governor Lisa Cook
Posted on : 10 Sep 2025 | By : Dan Mangan
Judge blocks Trump from firing Fed Board Governor Lisa Cook...
A federal judge on Tuesday night blocked President Donald Trump from firing Federal Reserve Board Governor Lisa Cook as her lawsuit challenging her termination plays out. Judge Jia Cobb's order came nearly two weeks after Cook sued Trump to prevent him from removing her from the central bank. Trump said on Aug. 25 that he was firing Cook because of suggestions by Federal Housing Finance Agency Director Bill Pulte that she had committed mortgage fraud in connection with documents she signed for two residential properties she owns in Georgia and Michigan. Cook, who is the first Black woman to serve on the Fed board, denies any wrongdoing. "I will not resign," Cook said hours after Trump said he was firing her. "President Trump purported to fire me 'for cause' when no cause exists under the law, and he has no authority to do so." Trump has been critical of the Fed, its chairman, Jerome Powell, and governors, including Cook, for not cutting interest rates as the president has demanded. Trump is the first president to attempt to fire a member of the Fed Board.