Trump Appeals Ruling Keeping Fed Governor Lisa Cook in Position

President Donald Trump has filed an appeal against a federal judge's ruling that blocked his attempt to fire Federal Reserve Governor Lisa Cook, who remains in her position while the legal dispute proceeds. Judge Jia Cobb ruled that Trump's claim of mortgage fraud against Cook, made before her Fed tenure, does not constitute legally permissible cause for removal, as 'for cause' dismissals are limited to conduct during office. Cook, who denies wrongdoing and has not been charged, sued Trump alleging his firing attempt was politically motivated to influence Fed policy toward lower interest rates. The administration insists Trump lawfully removed Cook for cause, but economists and investors have expressed concern over the perceived politicization of the Federal Reserve. The case raises significant legal questions about presidential authority over the Fed, which traditionally operates independently to maintain U.S. monetary stability. The legal battle is expected to continue in the U.S. Court of Appeals for the District of Columbia, with implications for upcoming Fed decisions on interest rates.