US appeals court allows Fed's Cook to stay in role ahead of rate meeting

BSS
Published On: 16 Sep 2025, 12:23

WASHINGTON, Sept 16, 2025 (BSS/AFP) - A federal appeals court ruled Monday that central bank governor Lisa Cook could remain in her role for now -- with a rate setting meeting this week -- after US President Donald Trump sought to fire her.

Trump has sought to oust Cook from the Federal Reserve over allegations of mortgage fraud, but the ruling from the US Court of Appeals for the District of Columbia Circuit allows her to participate in a key two-day interest rate meeting due to start early Tuesday.

 

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