Core Points - The Trump administration plans to appeal a court ruling that prevents the removal of Federal Reserve Governor Lisa Cook [1] - A federal appeals court ruled on September 15 that President Trump cannot dismiss Lisa Cook before the Federal Reserve's monetary policy meeting [1] Summary by Category Government Actions - The White House spokesperson announced the intention to appeal the court's decision regarding Lisa Cook's position at the Federal Reserve [1] Legal Developments - The federal appeals court's ruling on September 15 blocks President Trump's attempt to remove Cook prior to the upcoming Federal Reserve meeting [1]

Core Points - The U.S. Court of Appeals rejected President Trump's request to quickly dismiss Federal Reserve Governor Lisa Cook [1] - The court ruled 2-1 that it does not need to address whether Cook's dismissal meets the "reasonable cause" standard at this stage of the case [1] - The Federal Reserve's monetary policy meeting is scheduled for September 16-17, and if the Supreme Court does not rule, Cook will participate and vote [1] Group 1 - The D.C. District Court previously issued a ruling to temporarily block Trump's attempt to remove Cook from her position [1] - The Senate approved Stephen Moore as a member of the Federal Reserve Board with a vote of 48-47, filling the vacancy left by the unexpected resignation of Adriana Kugler [1] - Moore plans to maintain his position as the chair of the White House Council of Economic Advisers while serving on the Federal Reserve Board [1]

Core Points - The White House National Economic Council Director, Hassett, suggested that Lisa Cook should take a leave of absence during the lawsuit regarding her position on the Federal Reserve Board [1] - Hassett stated that if he were in Cook's position, he would take a leave, calling it a "decent approach" [1] - Hassett expressed that the President has the authority to dismiss Cook, asserting that the allegations against her are serious [1] - President Trump informed Cook in a letter that she was "immediately terminated," citing accusations of misrepresenting two properties as primary residences on mortgage applications [1] - Trump had previously considered nominating Hassett for the next Federal Reserve Chair position [1]

Core Viewpoint - The unprecedented dismissal of Federal Reserve Governor Lisa Cook by President Trump has sparked significant controversy, with Cook planning to file a lawsuit against the dismissal, claiming it lacks legal basis and authority [1][5][6]. Group 1: Dismissal and Legal Actions - Trump's dismissal of Cook was based on allegations of mortgage fraud, which he described as a "historic" action [1]. - Cook's attorney stated that they would take all necessary measures to prevent what they consider illegal actions by Trump [1]. - The Federal Reserve emphasized that the law protects the long-term tenure of its governors, stating that the President can only dismiss them for "just cause" [5]. Group 2: Trump's Response and Future Plans - Trump expressed readiness for legal battles regarding Cook's dismissal and mentioned he has a suitable replacement in mind [2]. - He indicated that he might consider appointing Stephen Milan, the Chairman of the White House Council of Economic Advisers, to a long-term position at the Federal Reserve [3]. - Trump also commented on the need for a majority at the Federal Reserve to lower interest rates to address housing costs [3]. Group 3: Federal Reserve's Position - The Federal Reserve stated it would respect judicial rulings regarding Cook's dismissal and would continue to fulfill its legal responsibilities [4][6]. - The institution reiterated its commitment to making monetary policy decisions based on data and the long-term interests of the American people [5].

Core Points - President Trump has nominated candidates to the Federal Reserve Board who will support his desire for significant interest rate cuts [1][2] - Trump has already appointed two members of the seven-member Federal Reserve Board and is set to appoint a third to replace the recently resigned Adrienne Kugler [1] - Trump criticized Fed Chair Jerome Powell for refusing to lower the benchmark interest rate significantly, linking high rates to housing issues [1][2] Group 1 - Trump stated that once he secures a majority on the Federal Reserve Board, housing issues will improve, emphasizing the need to lower interest rates [1] - Trump has identified Stephen Moore, one of his chief economic advisors, to complete Kugler's term, which ends on January 31, 2026 [1] - Trump mentioned that there are several suitable candidates to replace Lisa Cook, who is under investigation by the Justice Department [2] Group 2 - Cook plans to file a lawsuit to prevent her dismissal, asserting her ability to continue her duties as a board member [3] - The Federal Reserve stated it would comply with any court ruling regarding Cook's position, highlighting the importance of long-term terms and protections for board members [4] - The White House spokesperson affirmed that Trump acted within his legal authority to dismiss a Federal Reserve board member for legitimate reasons [4]