None
TL
Trump appeals ruling that keeps Fed member he tried to fire on board for now
['Ashley Murray', 'Jennifer Shutt', 'Ariana Figueroa', 'Shondiin Silversmith', 'More From Author', 'September', 'Updated Pm', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus']
Daily Montanan
WASHINGTON — The Trump administration made public Wednesday its plans to appeal a lower court ruling that keeps Federal Reserve governor Lisa Cook on the independent central bank’s board, for now.
Cook’s attorneys filed a lawsuit in federal court a few days later, arguing that Trump’s attempts were political and violated her due process rights.
Trump’s targeting of Cook comes amid his pressure campaign on Federal Reserve Board Chair Jerome Powell to lower interest rates.
“The court’s ruling recognizes and reaffirms the importance of safeguarding the independence of the Federal Reserve from illegal political interference,” Lowell and Eisen said in a statement Wednesday morning.
“Allowing the president to unlawfully remove Governor Cook on unsubstantiated and vague allegations would endanger the stability of our financial system and undermine the rule of law.
['member'
'montanan'
'ruling'
'board'
'tried'
'keeps'
'appeals'
'cook'
'wrote'
'remove'
'district'
'president'
'federal'
'trump'
'court'
'governor'
'reserve'
'fed'
'daily']