Page 15 - AHATA

A2 U.S. NEWS
Thursday 2 OcTOber 2025

Supreme Court lets Lisa Cook remain

as a Federal Reserve governor for now

By MARK SHERMAN the high court said it would quickly getting everything
Associated Press hear arguments in Janu- he wants from the justices
WASHINGTON (AP) — ary over Republican Presi- in an emergency appeal.
The Supreme Court on dent Donald Trump’s effort Cook will be able to take
Wednesday allowed Lisa to force Cook off the Fed part in the remaining two
Cook to remain as a Fed- board. Fed meetings in 2025, in-
eral Reserve governor for The court will consider cluding the next meeting
now, declining to act on whether to block a lower- of its interest rate-setting
the Trump administration’s court ruling in Cook’s favor committee in late Octo-

Federal Reserve Board of Governors member Lisa Cook listens effort to immediately re- while her challenge to her ber.
during an open meeting of the Board of Governors, June 25, move her from the central firing by Trump continues. Separately, the justices
2025, in Washington. bank. The high-court order was a are hearing arguments
Associated Press In a brief unsigned order, rare instance of Trump not in December in a sepa-
rate but related legal fight
over Trump’s actions to fire
members of the boards
that oversee other inde-
pendent federal agencies.
The case concerns wheth-
er Trump can fire those of-
ficials at will.
But a second issue in the
case could bear directly
on Cook’s fate: whether
federal judges have the
authority to prevent the
firings or instead may only
order back pay for officials
who were wrongly dis-
missed.
Trump had sought to oust
Cook before the Septem-
ber meeting of the Fed’s
interest rate-setting com-
mittee.
But a judge ruled that the
firing was illegal, and a
divided appeals court re-
jected the Trumps admin-
istration’s emergency ap-
peal.
A day after the meeting
concluded with a one-
quarter of a percentage
point reduction in a key in-
terest rate, the administra-
tion turned to the Supreme
Court in a new emergency
appeal.
The White House campaign
to unseat Cook marks an
unprecedented bid to
reshape the Fed board,
which was designed to be
largely independent from
day-to-day politics. No
president has fired a sitting
Fed governor in the Fed’s
112-year history.
“President Trump lawfully
removed Lisa Cook for
cause from the Federal Re-
serve Board of Governors.
We look forward to ultimate
victory after presenting our
oral arguments before the
Supreme Court in Janu-
ary,” White House spokes-
man Kush Desai said.q