Tag Archives: Lisa Cook

The Supreme Court on Wednesday allowed Federal Reserve Governor Lisa Cook to remain in her position for now, declining to act on the Trump administration’s emergency bid to immediately remove her from the central bank. In a brief unsigned order, the justices said they would hear arguments in January on …

A panel of federal appeals court judges on Monday blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, hours before she and other top central bank officials were set to begin a closely watched meeting on interest rates. The ruling, issued by two of the three judges on …

A federal judge on Tuesday ruled that Lisa Cook can remain on the Federal Reserve’s Board of Governors while her lawsuit challenging President Donald Trump’s attempt to remove her moves forward, delivering a major rebuke to the White House and a defense of the Fed’s independence. U.S. District Judge Jia …

Federal Reserve Governor Lisa Cook will challenge her removal, her attorney said Tuesday, arguing President Donald Trump “has no authority” to fire her. Trump announced late Monday that he would fire Cook, the first Black woman to serve on the Federal Reserve Board, over allegations that she falsified documents to …

President Donald Trump said late Monday he has removed Federal Reserve Governor Lisa Cook from her position, a move that immediately triggered questions about the independence of the nation’s central bank and is expected to spark a court fight. In a letter posted to Truth Social, Trump wrote: “Pursuant to …

Dr. Lisa Cook made history after the Senate voted along party lines Tuesday to approve her nomination to the Federal Reserve, where she will be the first Black woman to serve on the Board of Governors. The vote was 51-50, with Vice President Kamala Harris breaking a tie. Senate Democrats lauded Cook’s credentials, and Republicans cast doubt about her …

President Joe Biden on Friday announced his nomination of three Federal Reserve officials as he seeks to reshape the central bank amid bumpy economic recovery. Biden nominated Sarah Bloom Raskin to serve as Vice-Chair for Supervision of the Board of Governors of the Federal Reserve System, and nominated Lisa Cook …