Supreme Court lets Lisa Cook remain at Federal Reserve for now

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WASHINGTON. The Supreme Court on Wednesday allowed Lisa Cook to remain the governor of the federal reserve system, abandoning the action of the Trump administration in order to immediately remove it from the Central Bank.

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In a brief unspoken order, the high court stated that in January it would hear arguments about the efforts of the President of the Republican Donald Trump to force Cook from the Federal Reserve Council.

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The court will consider the issue of whether to block the decision of the lower court in favor of Cook, while her challenge to her dismissal of Trump continues.

The order of a high court was a rare example of the fact that Trump does not quickly receive everything that he wants from judges, in extreme attractiveness.

Separately, the judges listen to the arguments in December in a separate but related legal struggle for Trump’s actions to dismiss members of the Soviets who observe other independent federal agencies. It is about whether Trump can dismiss these officials at will.

But the second question in this case can have a Cook's fate: is there any federal judges to prevent dismissal, or instead can lead to the fact that he only earned for officials who were mistakenly dismissed.

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Trump sought to overthrow Cook until the September meeting of the committee to determine the percentage rates of the Fed. But the judge ruled that the dismissal was illegal, and the divided court rejected the administration of Trump.

The day after the meeting ended with a quarter of a decrease in the interest rate of the key interest rate, the administration appealed to the Supreme Court in the new emergency appeal.

The White House campaign to change Cook marks an unprecedented application for a change in the board of directors of the Fed, which was developed largely independent of everyday policy. Not a single president fired the Fed’s manager in the 112-year history of the Fed.

Cook, who was appointed to the President of the Democratic Party, Joe Biden, said that she would not leave his work and would not “mock” from Trump. One of her lawyers, Ebbe Lowell, said that she “will continue to fulfill her jury as a governor of the board of directors managed in the Senate.”

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Separately, the Republicans in the Senate recently confirmed Steven Miraian, candidate Trump in an open place on the Fed’s Council. Both Cook and Miran took part in a recent meeting of the Fed. Miran was the only disagreement, preferring a greater incision.

The next opportunity for Cook to vote at a meeting of the Committee on the establishment of the percentage rates of the Fed, scheduled for October 28-29.

Trump accused Cook of Fraud with a mortgage, because she, according to the visible, claimed two real estate in Michigan and Georgia, as “primary residences” in June and July 2021, before she joined the rule of the Fed. Such claims can lead to a lower mortgage rate and the smaller original initial initial initial initial contribution than if one of them were declared as a leased property or a second house.

“Simply put, the president can reasonably determine that the interest rates paid by the American people should not be established by the Governor, who, by the visible, lied about the facts, materials of interest rates that she provided for herself – and refuses to explain obvious distortions,” wrote D. John Sauer general in his filing in the Supreme Court.

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Cook denied some kind of offense and was not accused of committing a crime. According to the documents obtained by the Associated Press, Cook indicated that her apartment in Atlanta would be a “recreation center”, according to a loan assessment, which she received in May 2021. In the form in which safety resolution is required, she described it as the “2nd House”. Both documents, according to the visible, undermine the administration’s complaints about fraud.

The U.S. District Judge Jia Cobb decided that the administration did not satisfy the legal requirement that the Governors of the Fed can be fired only “because of it”, which, according to her, was limited to misconduct during the performance of official duties. Cook joined the Federal Reserve Council in 2022.

Cobb also believed that the dismissal of Trump would deprive her of the proper legal procedure or the legal right to challenge the shooting.

The 2: 1, the collegium of the Federal Court of Appeal in Washington, defeated the administration’s request to release Cook.

Trump's lawyers argue that even if the behavior occurred before her time as the governor, her alleged action “undeniably question the reliability of Cook and whether it can be responsible by managing interest rates and the economy.”

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