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Trump Gives Up Appeal In Fed Firing Case After Smackdown By Supreme Court
['David Edwards']
Crooks and Liars
The Trump administration dropped its appellate fight to remove Federal Reserve Governor Lisa Cook, three weeks after the Supreme Court blocked the firing in a 5-4 ruling.
That means the underlying legal question — whether Trump's attempt to fire Cook violated the Federal Reserve Act — will now be decided by a federal district judge.
The June 29 Supreme Court ruling blocked the removal.
"This was never about mortgage documents signed years before I became a Federal Reserve governor," Cook said in a statement after the ruling.
The Federal Reserve was the one exception.