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Trump appeals ruling on attempt to fire Fed governor ahead of interest rate vote
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Banking, Financial Stability, Government Oversight
Friday, September 12, 2025
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A federal judge ruled that Lisa Cook should remain in her seat on the Federal Reserve Board after finding “many serious questions” about President Donald Trump’s attempt to remove her “for cause” amid allegations of mortgage fraud. The Trump administration has asked an appeals court to rule on the matter prior to the Fed’s next interest rate vote.
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