lisacook

The U.S. Court of Appeals has issued a historic ruling – blocking President Donald Trump’s attempt to remove Federal Reserve Governor Lisa Cook. This decision not only secures her position but also reaffirms the independence of the central bank, which has not faced such direct political pressure since its founding in 1913.

Legal Battle Over Fed Independence
Trump sought to dismiss Cook over old allegations tied to a 2021 mortgage application – filed before her appointment to the Fed in 2022. The D.C. Circuit Court of Appeals ruled 2–1 that the president had no legal grounds for such action. By law, Fed governors can only be removed “for cause,” such as serious misconduct or inability to perform their duties.
Judges Bradley Garcia and Michelle Childs emphasized that Cook had been denied due process – she was never served a complaint nor given the chance to defend herself. Trump-appointed Judge Gregory Katsas dissented, warning that limiting presidential power too much could weaken accountability of the nation’s most powerful financial institution.

Impact on the Fed and Global Markets
The decision comes at a critical time – just days before a key FOMC meeting, where officials are expected to cut interest rates for the first time in more than a decade. Pressure on the Fed has been mounting amid slowing economic growth, a weaker labor market, and global inflationary pressures.
Had Trump succeeded, he could have appointed his own candidate, securing control over four of the Fed’s seven board seats. This would have marked a dramatic shift in monetary policy, potentially pushing faster and more aggressive rate cuts – a move that might boost markets in the short term but risk higher inflation.

What the Ruling Means for Investors
Analysts say the verdict is a vital signal to both domestic and international markets. It shows the Federal Reserve remains independent, with monetary policy driven by economic indicators rather than political influence. This stability is critical for maintaining confidence in the U.S. dollar and the broader financial system.
Lisa Cook, who has consistently denied the allegations, celebrates both a personal and professional victory. Her legal team welcomed the ruling, stressing that an unlawful dismissal could have shaken investor confidence, destabilized markets, and undermined trust in central bank independence.

What Comes Next?
The legal battle may not be over. The Department of Justice could still ask the U.S. Supreme Court to review the case. If so, the ruling could have far-reaching consequences for how much power a president holds over the central bank – and, by extension, the U.S. economy.
For now, the message is clear: the Fed has preserved its independence at a time when financial stability matters more than ever.

#LisaCook , #Fed , #TRUMP , #USPolitics , #FederalReserve

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ABŞ mərkəzi bankının rəhbərliyi misli görünməmiş hüquqi mübarizələrlə üzləşir. Federal Ehtiyatın qubernatoru Lisa Cook, Prezident Donald Trump-a qarşı, onu ipoteka fraudu ilə bağlı ittihamlar əsasında vəzifəsindən azad etməyə çalışdığına görə iddia qaldırıb. Mübahisə, Federal Açıq Bazarlıq Komitəsinin (FOMC) sentyabr toplantısından bir neçə həftə əvvəl, son dərəcə həssas bir zamanda baş verir, burada Fed-in faiz dərəcələrini kəsməsi geniş gözlənilir.

Prezidentə Qarşı İddia
Məhkəmə sənədlərinə görə, Cook dərhal hüquqi müdaxilə tələb edir ki, onun Fed qubernatoru olaraq mandatını təsdiqləsin və Trumpın onu işdən azad etmə qərarını bloklasın. Digər yüksək səviyyəli Fed rəsmiləri, o cümlədən Sədrlik vəzifəsini icra edən Jerome Powell, bu işdə adları çəkilənlər arasındadır.

The financial world was shaken when Federal Reserve Governor Lisa Cook made a bold statement in response to comments from President Trump. Cook firmly declared that the President has “no authority to fire her”, stressing that she will continue to perform her duties as an independent policymaker at the U.S. central bank.
🔹 What Happened?
Over the past week, political tension between the White House and the Federal Reserve has escalated. President Trump has been openly critical of Fed policies and has questioned the independence of some governors. In response, Lisa Cook, who was appointed to the Federal Reserve Board of Governors in 2022, issued a strong message of defiance.
She emphasized that the Federal Reserve is designed to be independent from political influence, ensuring stable economic policy that prioritizes jobs, inflation control, and financial stability over short-term politics.
🔹 Why Lisa Cook’s Statement Matters
Lisa Cook is not only the first Black woman to serve on the Federal Reserve Board, but also a respected economist with decades of experience. Her refusal to bow to political pressure highlights a critical debate in U.S. governance: the balance between political leadership and independent institutions.
Institutional Integrity: Cook’s stance reaffirms the Fed’s independence.
Market Stability: Clear signals like this are meant to calm investors worried about political interference.
Global Impact: Since the Fed sets interest rates and influences global liquidity, any political threat to its independence could shake confidence in U.S. markets worldwide.
🔹 Trump vs The Fed – A Recurring Clash
President Trump’s history with the Fed has always been turbulent. Even during his first term, he repeatedly criticized then-Chair Jerome Powell for raising interest rates. Now, with inflation still high and political pressure intensifying, Trump has again turned his focus to the Fed.
But legal experts and constitutional scholars agree: the President cannot directly fire a Federal Reserve Governor. The terms of Fed officials are fixed to ensure independence from political cycles.
🔹 Market Implications
Markets reacted cautiously to the headlines. Investors are closely watching for signs of further political interference. Short-term volatility in U.S. equities, bonds, and even crypto markets could emerge if the conflict intensifies.
Stocks: Financial sector stocks showed mild fluctuations as investors assessed risks.
Bonds: Yields remain sensitive to Fed policy credibility.
Crypto: Traders are also watching closely—historically, political instability and weakening trust in U.S. financial institutions often fuel Bitcoin and Ethereum as alternative assets.
Lisa Cook’s bold stand against President Trump’s remarks sends a clear signal: the Federal Reserve will not bow to political pressure. Her commitment to continue serving highlights the importance of central bank independence in maintaining financial stability.
While the showdown may escalate further, the resilience of Fed officials like Cook reinforces confidence in the institution’s integrity—even in the face of political storms.

#FederalReserve #LisaCook #TRUMP
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Tensions between the White House and the Federal Reserve are escalating. Fed Governor Lisa Cook told the U.S. Supreme Court that if President Donald Trump were allowed to remove her, it would trigger a collapse of financial markets and cause irreparable damage to the independence of the U.S. central bank.

Dispute Over Mortgage Fraud Allegations
Trump’s team is pushing to oust Cook over alleged irregularities in her mortgage applications. Her lawyers argue that the accusations are legally insufficient and do not meet the statutory standards under the Federal Reserve Act. In a Thursday filing, they warned that her immediate dismissal could spark “chaos and legal uncertainty,” potentially leading to a scenario in which two different candidates compete for the same Fed seat at the same time.
The Department of Justice already petitioned on September 18 for the Supreme Court to overturn a lower court decision that blocked Trump from acting. Yet two lower courts — Judge Jia Cobb and later the D.C. Court of Appeals — upheld the block, ruling that the White House’s case did not meet the legal threshold.

Warnings from Former Fed Chairs and Treasury Officials
Prominent economists have joined the defense of Cook’s position. Former Fed Chairs Ben Bernanke, Alan Greenspan, and Janet Yellen issued a joint letter warning that removing Cook would set a historic precedent and seriously undermine public trust in the Fed’s independence. The letter was also signed by former Treasury Secretaries Larry Summers, Robert Rubin, Jacob Lew, and Henry Paulson, as well as former IMF chief economist Kenneth Rogoff.
They emphasized that allowing the removal of a sitting member of the Board of Governors would turn the Fed into a political tool and jeopardize the long-term stability of the U.S. economy.

Trump Pushes Case Directly to the Supreme Court
Despite previous rulings, Trump’s legal team bypassed the usual process and escalated the dispute straight to the Supreme Court. Their goal is to have the block lifted immediately, so that Cook can be removed even before the full case is heard. Her legal team has warned this could create an absurd situation in which Trump nominates a replacement while Cook is still officially in her position.

Cook Continues Her Work
In spite of mounting political pressure, Lisa Cook continues to perform her duties at the Fed. At the most recent meeting, she voted in favor of a 25 basis point interest rate cut. She has made it clear that she will not step down voluntarily and has no intention of resigning from her role.

#LisaCook , #Fed , #TRUMP ,#USPolitics , #economy

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Donald Trump hüquqi mübarizəsini artıraraq ABŞ-ın Vaşinqtondakı Apellyasiya Məhkəməsindən aşağı məhkəmənin Federal Ehtiyat İdarəsinin Quvernoru Lisa Cook-u vəzifədən azad etməyə cəhdini bloklayan qərarını ləğv etməsini xahiş edib. Bu tələb, Cümə günü Ədalət Departamenti vasitəsilə təqdim edilib və Hakim Jia Cobb tərəfindən verilmiş qərarın təcili dayandırılmasını istəyir.

Fed Görüşü Önündə Vaxt Təzyiqi
Trump məhkəmədən Bazar ertəsinə qədər müvəqqəti dayandırma qərarı verməsini tələb edir, bu da Fed-in faiz dərəcələri ilə bağlı vacib görüşündən bir gün əvvəl baş verir. Əgər Hakim Cobb-un qərarı qüvvədə qalarsa, Cook hələ də iştirak edəcək. Əgər dayandırılsa, onun vəzifədən azad edilməsi dərhal qüvvəyə minəcək.

U.S. President Donald Trump is escalating his clash with the Federal Reserve, taking the battle all the way to the Supreme Court. At stake is nothing less than his bid to secure majority influence over the central bank and reshape the course of American monetary policy.

Trump’s Petition: Stop Lisa Cook
The Justice Department, acting on Trump’s behalf, filed a petition asking the Supreme Court to suspend the ruling that allowed Lisa Cook to remain as a Fed governor.
Trump argues he lawfully removed her over allegations of mortgage fraud – grounds he says are valid under the Federal Reserve Act. Yet the district court reinstated Cook, and the appeals court then rejected Trump’s request to pause that decision.
Now the president is turning to the highest court in the land.

FOMC: First Rate Cut of the Year and a Bitter Paradox
The showdown comes just as Cook participated in the FOMC meeting, where the Fed delivered its first rate cut of 2025.
The committee voted to lower rates by 25 basis points, with Cook in favor. The irony: Trump has long demanded such cuts – yet he’s fighting to remove her.
Fed Governor Stephen Miran, Trump’s nominee, was the lone dissenter, pushing for a steeper 50 basis point cut. The split underscores how aggressively Trump wants the Fed to move.

Trump’s Vision: A Fed Majority and Bold Moves
Trump has repeatedly stated he will soon secure a majority on the Fed’s board. His goal is clear – force rapid, deep rate cuts that he believes will fuel the U.S. economy and strengthen his political standing.
His pressure on Fed Chair Jerome Powell to cut more than planned raises fresh questions about the central bank’s independence.

Crypto Reacts: Bitcoin Tops $117,000
Markets reacted instantly to the Fed’s decision. Bitcoin surged past $117,000, while altcoins also posted sharp gains:
BNB broke above $1,000 for the first time in historyMajor tokens like Ethereum and XRP gained strongly
Ironically, the Fed’s defensive stance has become rocket fuel for the crypto bull market.

Political Battle for the Central Bank
The case highlights how deeply political the Fed’s role has become. Trump’s attempt to remove Cook is unprecedented – no U.S. president has ever tried to directly unseat a sitting Fed governor.
If the Supreme Court sides with Trump, he could gain historic, unprecedented influence over monetary policy.

#TRUMP , #LisaCook , #Fed , #FOMC‬⁩ , #USPolitics

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“