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U.S. Appeals Court Blocks Trump’s Attempt to Remove Fed Governor Lisa Cook
A U.S. appeals court has ruled against former President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook, allowing her to remain on the board during the pending legal case. The D.C. Circuit Court upheld a lower court’s decision, stating that Cook’s due process rights were violated as she was not given proper notice or an opportunity to respond to the allegations.
The Trump administration had accused Cook of mortgage fraud, alleging that she misrepresented property ownership before her 2022 confirmation. However, Cook has denied these allegations, and a federal judge previously ruled that the claims did not meet the legal grounds required for her removal.
The appeals court’s decision is significant as it underscores the importance of due process and the legal protections afforded to Federal Reserve governors. The case also highlights ongoing tensions between the executive branch and the central bank over monetary policy decisions.
The Trump administration is expected to appeal the ruling to the Supreme Court. In the meantime, Cook will continue to serve on the Federal Reserve Board, including participating in the upcoming policy meeting where interest rate decisions are expected to be made.
Supreme Court to Rule on Legality of Trump’s Tariffs
The U.S. Supreme Court has agreed to fast-track a major case on whether former President Trump lawfully imposed sweeping global tariffs under the International Emergency Economic Powers Act (IEEPA) . Oral arguments are now scheduled for the first week of November 2025 .
Lower courts—including the Court of Appeals for the Federal Circuit and the U.S. Court of International Trade—ruled that Trump overstepped his presidential authority, finding that the IEEPA does not explicitly authorize tariffs or taxes without clear congressional approval .
The Trump administration contends that the tariffs were essential for national security and economic stability, warning of catastrophic consequences—including trade retaliation and potential loss of negotiating leverage—if the ruling is upheld .
A ruling against the administration could have staggering financial consequences: the U.S. may be required to refund between $750 billion and $1 trillion in collected duties .
Conclusion
This case is poised to redefine the balance of power between the legislative and executive branches in U.S. trade policy, with far-reaching implications for future emergencies and presidential authority.
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