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A federal judge on Tuesday granted Federal Reserve Governor Lisa Cook a preliminary injunction blocking President Donald Trump's attempt to fire her while her lawsuit challenging the removal proceeds through the courts.

A federal judge on Tuesday granted Federal Reserve Governor Lisa Cook a preliminary injunction blocking President Donald Trump's attempt to fire her while her lawsuit challenging the removal proceeds through the courts.

Trump began <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.improvethenews.org/story/2025/trump-fires-fed-governor-cook-over-mortgage-fraud-claims">his attempt to fire Cook on August 25</a> over allegations raised by Federal Housing Finance Agency Director Bill Pulte that she committed mortgage fraud by designating multiple properties as primary residences in 2021. <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.improvethenews.org/story/2025/fed-governor-cook-sues-trump-over-firing-attempt">Cook filed suit</a> that same week.

Trump began his attempt to fire Cook on August 25 over allegations raised by Federal Housing Finance Agency Director Bill Pulte that she committed mortgage fraud by designating multiple properties as primary residences in 2021. Cook filed suit that same week.

U.S. District Judge Jia Cobb ruled that the Federal Reserve Act's "'for cause" provision for removing governors applies only to conduct occurring while in office, not actions taken before confirmation to the position.

U.S. District Judge Jia Cobb ruled that the Federal Reserve Act's "'for cause" provision for removing governors applies only to conduct occurring while in office, not actions taken before confirmation to the position.

Cook will be able to participate in the Federal Reserve's September 16-17 policy meeting, when the central bank is expected to cut interest rates by a quarter-point to between 4% and 4.25%.

Cook will be able to participate in the Federal Reserve's September 16-17 policy meeting, when the central bank is expected to cut interest rates by a quarter-point to between 4% and 4.25%.

This is the first time in the Federal Reserve's 111-year history that a president has attempted to remove a Fed governor for cause, raising unprecedented legal questions about central bank independence.

This is the first time in the Federal Reserve's 111-year history that a president has attempted to remove a Fed governor for cause, raising unprecedented legal questions about central bank independence.

In addition, <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.improvethenews.org/story/2025/doj-opens-criminal-investigation-into-fed-governor-cook">the U.S. Justice Department (DOJ) has launched a criminal investigation</a> into Cook's mortgage applications and issued grand jury subpoenas in Georgia and Michigan. No formal charges have been filed against her.

In addition, the U.S. Justice Department (DOJ) has launched a criminal investigation into Cook's mortgage applications and issued grand jury subpoenas in Georgia and Michigan. No formal charges have been filed against her.

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Trump fired Cook on August 25 over allegations raised by Federal Housing Finance Agency Director Bill Pulte that she committed mortgage fraud by designating multiple properties as primary residences in 2021.</span

Trump fired Cook on August 25 over allegations raised by Federal Housing Finance Agency Director Bill Pulte that she committed mortgage fraud by designating multiple properties as primary residences in 2021.

Judge Cobb ruled that the Federal Reserve Act's 'for cause' provision for removing governors applies only to conduct occurring while in office, not actions taken before confirmation to the position.</span

Judge Cobb ruled that the Federal Reserve Act's 'for cause' provision for removing governors applies only to conduct occurring while in office, not actions taken before confirmation to the position.

The Justice Department has launched a criminal investigation into Cook's mortgage applications and issued grand jury subpoenas in Georgia and Michigan, though no formal charges have been filed against her.</span

The Justice Department has launched a criminal investigation into Cook's mortgage applications and issued grand jury subpoenas in Georgia and Michigan, though no formal charges have been filed against her.

Cook will be able to participate in the Federal Reserve's September 16-17 policy meeting where the central bank is expected to cut interest rates by a quarter-point to between 4% and 4.25%.</span

Cook will be able to participate in the Federal Reserve's September 16-17 policy meeting where the central bank is expected to cut interest rates by a quarter-point to between 4% and 4.25%.

This case represents the first time in the Federal Reserve's 111-year history that a president has attempted to remove a Fed governor for cause, raising unprecedented legal questions about central bank independence.</span

This case represents the first time in the Federal Reserve's 111-year history that a president has attempted to remove a Fed governor for cause, raising unprecedented legal questions about central bank independence.

This ruling correctly protects Federal Reserve independence from political interference by limiting presidential removal power to conduct occurring while in office. The judge properly found that pre-confirmation allegations cannot constitute cause for removal under the Federal Reserve Act, especially when those same mortgage documents were available during Cook's Senate confirmation process in 2022.

This ruling correctly protects Federal Reserve independence from political interference by limiting presidential removal power to conduct occurring while in office. The judge properly found that pre-confirmation allegations cannot constitute cause for removal under the Federal Reserve Act, especially when those same mortgage documents were available during Cook's Senate confirmation process in 2022.

Judge Blocks Trump's Firing of Fed Governor Lisa Cook

Economic conditions & trends

United States of America

Trump will eventually be proven correct in his decision to fire Cook. The allegations against her are serious enough to warrant removal regardless of when they occurred, as they call into question her integrity as a financial regulator. The Federal Reserve Act gives the president clear authority to remove governors for cause, and documentary evidence of potential fraud meets that threshold.

Trump will eventually be proven correct in his decision to fire Cook. The allegations against her are serious enough to warrant removal regardless of when they occurred, as they call into question her integrity as a financial regulator. The Federal Reserve Act gives the president clear authority to remove governors for cause, and documentary evidence of potential fraud meets that threshold.

There's an 80% chance that U.S. federal interest rates at the end of 2025 will be lower than at the end of 2024, according to the Metaculus prediction community.

There's an 80% chance that U.S. federal interest rates at the end of 2025 will be lower than at the end of 2024, according to the Metaculus prediction community.

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