A federal appeals on Monday rejected President Trump’s bid to fire embattled Federal Reserve Governor Lisa Cook.
The DC Circuit Court of Appeals in a 2-1 decision said Lisa Cook can remain a Federal Reserve Governor, allowing her to vote during Tuesday’s interest rate meeting at the Fed.
The three judge panel included: Majority: Childs (Biden), Garcia (Biden) Dissent: Katsas (Trump).
President Trump is expected to immediately appeal the ruling to the US Supreme Court.
President Trump last Wednesday appealed a federal judge’s injunction blocking his attempt to fire Lisa Cook amid mortgage fraud allegations.
Lisa Cook filed a lawsuit against President Trump, the Federal Reserve Board of Governors, and Federal Reserve Chairman Jerome Powell after Trump fired her last month.
Lisa Cook apparently owns three properties, and she allegedly committed mortgage fraud on all three properties.
According to housing regulator Bill Pulte’s first criminal referral, Lisa Cook committed mortgage fraud by lying on her mortgage application and falsifying bank statements when she designated her out-of-state Atlanta condo as her “primary residence”—just two weeks after taking a loan on her Michigan home, which she also claimed as her “primary residence.”
Late last month Pulte sent a second criminal referral on Lisa Cook after she was allegedly caught lying about a third property.
A federal judge last Tuesday evening blocked President Trump from firing embattled Federal Reserve Governor Lisa Cook.
US District Court Judge Jia Cobb, a Biden appointee, issued a preliminary injunction blocking President Trump, Fed Chairman Jerome Powell, and the Federal Reserve Board of Governors from firing Lisa Cook as her lawsuit proceeds through the legal system.
Judge Cobb said the mortgage fraud allegations did not meet the “for cause” standard.
Cobb said Lisa Cook (her sorority sister) has also “demonstrated irreparable harm from her removal.”
The appeals court on Monday did not weigh in on President Trump’s claim of “cause” for firing Lisa Cook.
NOTABLE: The majority did not opine on Trump’s claim of “cause” for removing Cook. They said that the due process violation – depriving Cook of a hearing — was enough to block her firing for now.
Katsas said Trump’s claim of cause was enough. https://t.co/h4WcVSFrdc pic.twitter.com/F4DsjrBZri
— Kyle Cheney (@kyledcheney) September 16, 2025
