Another Day Ending in Y, Another TRO Against Trump—This Time on Firing Fed Governor Lisa Cook

Yet Another Day, Yet Another TRO: Trump Hits a Snag with Attempt to Oust Fed Governor Lisa Cook

It’s a familiar pattern: President Trump makes a decision through executive action, those opposed to it launch legal challenges, and a district judge blocks the president’s proposed course of action.

Recently, President Trump dismissed Federal Reserve Governor Lisa Cook in August, citing her alleged involvement in several mortgage fraud cases under investigation by the DOJ, but a judge appointed by Biden intervened on Tuesday, effectively stating that Trump couldn’t proceed with the dismissal.

A federal judge issued a ruling on Tuesday night that prevents President Donald Trump from moving forward with the termination of Federal Reserve Governor Lisa Cook, as her lawsuit contesting her dismissal continues in the legal system.

Judge Jia Cobb issued a temporary restraining order just under two weeks after Lisa Cook filed a lawsuit aiming to stop Trump from removing her from her position at the central bank.

On August 25, Trump justified Cook’s dismissal with claims made by Federal Housing Finance Agency Director Bill Pulte, implying she was implicated in mortgage fraud related to documents concerning properties she owns in Georgia and Michigan.

Someone who clearly committed mortgage fraud will decide on our financial policy this month. 

Appeal this immediately and overturn it! @Pulte

 has proven this case is open and SHUT. Trump clearly is justified in firing her for cause.

The judge decided that the “public’s interest in Federal Reserve independence” took precedence over the president’s authority:

“The public interest in Federal Reserve independence weighs in favor of Cook’s reinstatement,” Cobb wrote in an opinion on her decision Tuesday.

Cobb’s order enjoins Fed Chairman Jerome Powell and the Board of Governors “from effectuating in any manner” Cook’s removal because of Trump’s order.


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