Trump Asks Court To Let Him Fire Cook, Who Warns Of Vote Turmoil

Group 1 - The Trump administration is seeking to expedite the legal process regarding the firing of Federal Reserve Governor Lisa Cook, aiming for a quick resolution from the appeals court before the Fed's board meeting [1][2][3]. - Cook's participation in the upcoming Federal Open Market Committee (FOMC) meeting is at risk if the appeals court grants an administrative stay, which could disrupt the vote on interest rates [2][3]. - The Justice Department argues that Trump's actions to remove Cook are justified and that the appeal is likely to succeed, claiming there are no materially disputed facts regarding the allegations against her [5][8][9]. Group 2 - The case centers around a ruling by US District Judge Jia Cobb, who stated that Trump likely did not have sufficient cause to fire Cook and violated her due process rights [4][9]. - Allegations against Cook include claims of mortgage fraud related to her primary residence listings, which Trump cited as grounds for her dismissal [7][8]. - Cook contends that the attempt to remove her is politically motivated and could damage public trust in the Federal Reserve and the US economy [8].