A federal judge temporarily blocked Trump’s effort to remove Federal Reserve Governor Lisa Cook on Tuesday, according to Reuters. The decision dealt an early setback to the White House in a legal battle that could reshape the central bank’s independence. U.S. District Judge Jia Cobb ruled that Trump’s claims of mortgage fraud, tied to Cook’s conduct before her 2022 confirmation, were not sufficient grounds for removal. Cobb wrote that Trump had not shown any evidence that Lisa Cook’s conduct or performance as a Fed governor harmed the Board or the public interest. Cook, the first Black woman to serve as a Fed governor, has denied wrongdoing and filed suit alleging political interference. The decision preserves her position while the case moves forward.
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