URGENT UPDATE: The Supreme Court has just confirmed that Federal Reserve Governor Lisa Cook will retain her position for the time being, allowing her to participate in critical decisions on interest rates for at least the next two meetings in late October and early December 2025. This decision comes as former President Donald Trump continues his efforts to remove her from the Federal Reserve, amid ongoing controversy.
In a brief, unsigned order released today, the Supreme Court postponed the Trump administration’s request for a stay until January 2026, pending oral arguments in this high-stakes legal battle. Cook was dismissed by Trump in late August over alleged mortgage fraud, a claim she is vigorously contesting in court.
The implications of this ruling are significant. With Cook remaining on the Federal Reserve board, she will have a direct impact on monetary policy decisions that affect millions of Americans. Trump’s push to alter the Fed’s leadership stems from his belief that lowering interest rates will stimulate economic growth, a viewpoint he has aggressively promoted.
Cook’s ability to cast votes at the upcoming meetings will be critical as the Fed navigates its response to current economic conditions. This ongoing saga highlights the intersection of politics and monetary policy, raising questions about the future of the Federal Reserve’s independence.
As developments unfold, this story remains dynamic and will be updated as more information becomes available. Follow for the latest updates on this pivotal case affecting the U.S. economy.
