Trump Cannot Remove Fed Governor Lisa Cook for Now, Appeals Court Rules

A panel of federal judges on Monday held that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook as of now, allowing Cook to participate in an important two-day meeting, starting Tuesday, on whether to lower federal interest rates.

The order by the U.S. Court of Appeals for the District of Columbia Circuit, a federal appeals court, struck down Trump’s emergency bid to set aside a preliminary ruling by a lower court that barred him from removing Cook, pending the outcome of Cook’s lawsuit against the government challenging her removal.