AssetID: 55096510
Headline: UNCAPTIONED: Appeals Court Blocks Trump Attempt to Remove Fed Board Member Lisa Cook
Caption: Appeals Court Blocks Trump Attempt to Remove Fed Board Member Lisa Cook. A federal appeals court rejected President Trump’s bid to quickly fire Federal Reserve board member Lisa Cook. The ruling leaves Trump only hours to ask the Supreme Court to remove Cook before a critical Fed interest-rate meeting. The 2-1 decision by the D.C. Circuit Court of Appeals upheld Cook, a Biden appointee, with Judge Gregory Katsas dissenting. U.S. District Judge Jia Cobb previously denied Trump’s attempt, citing inadequate evidence and Cook’s due process rights. Trump claimed Cook committed mortgage fraud by listing two homes as primary residences, which Cook denies. The court majority did not decide whether the allegations met the “for cause” standard required to fire a Fed member. Katsas argued Congress gave the president broad authority to define “cause” for removing Fed governors. The Trump administration plans an emergency appeal to Chief Justice John Roberts, who may issue a temporary order. Roberts has previously issued similar temporary orders in cases involving Trump’s attempts to dismiss Biden appointees. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Donald Trump,Lisa Cook,Federal Reserve,D.C. Circuit Court,Supreme Court,Chief Justice John Roberts,interest rates,mortgage fraud,Biden appointee,U.S. District Judge Jia Cobb,Gregory Katsas,Michelle Childs,Bradley Garcia
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