Source: CNBC
“A judge on Tuesday night blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook as a lawsuit challenging her removal continues. ‘The public interest in Federal Reserve independence weighs in favor of Cook’s reinstatement,’ U.S. District Court Judge Jia Cobb wrote in granting Cook a preliminary injunction barring her termination. Cobb said that ‘Cook has made a strong showing that her purported removal was done in violation of the Federal Reserve Act’s ‘for cause’ provision.’ … Trump said on Aug. 25 that he was removing Cook because of suggestions by Federal Housing Finance Agency Director Bill Pulte that she committed mortgage fraud in signing documents for two properties she owns. Cook signed those documents before she joined the Fed.” (09/09/25)
https://www.cnbc.com/2025/09/09/fed-lisa-cook-trump-powell-judge-jia-cobb-pulte.html