This ruling is not the final word. President Trump is appealing a federal judge's order to block him from firing Fed Governor Lisa Cook. White House spokesperson telling Fox News Digital, quote, "The president lawfully removed Lisa Cook for cause due to credible allegations of mortgage fraud from her highly sensitive position overseeing financial institutions on the Federal Reserve Board of Governors. I'm not going to ask you Kennedy about monetary policy, but just put us in the room next week when the FOMC ...

Also tonight, you've got the Trump administration escalating its fight against one of the Fed governors. So, one of the people who sits on the board of the Federal Reserve with the Trump administration advancing a criminal investigation into Lisa Cook. She's somebody who President Trump and his allies have been accusing of mortgage fraud.Cook denies that the al uh she she's now suing the president after he tried to fire her for cause. Earlier today, one of President Trump's top adviserss, the person who mad ...

Legal & Governance - Federal Reserve Board Governor Lisa Cook has sued President Trump, Fed Chair Jerome Powell, and the board of governors to block his move to fire her [1] - The lawsuit underscores that the allegations against Lisa Cook are baseless and unsubstantiated, originating from social media [3] - Lisa Cook is seeking immediate declaratory and injunctive relief to confirm her status as a member of the board of governors [4] - The Fed board of governors did not defend Lisa Cook after the President's statement [4][5] Independence of the Fed & Due Process - The lawsuit concerns the independence of the Fed and the principle of due process [6][8][10] - Accusations against Lisa Cook were leveled on social media without due process, trial, or conviction [8][9] - The situation highlights a disregard for due process, where someone is presumed guilty before being charged, tried, or convicted [10]

Look, importantly, uh, markets rely on the independence of the Fed and the Fed's commitment to achieving its congressionally mandated goals of price stability and maximum employment in uh, assessing the soundness of the US economy and their security in terms of um, returns they can expect investing in the United States. And when a president threatens to remove a chair unless he radically lowers interest rates with the stated purpose um of helping the government finance its borrowing um not the congressional ...