A federal appeal court denied the Trump administration on MondayPermit request Firing before the Fed Meeting of Lisa Cook, a member of the Federal Reserve Board of Governors, establishing a platform for a possible Supreme Court fight.
Without Justice’s intervention, Cook is ready to participate in the upcoming vote of Fed on the interest rate cut after a judge last weekHis possibility of firing became illegalAnd restored him as litigation.
The 2–1 decision from the US Court of Appeals for the district of Columbia Circuit maintains the ruling ruling that rejects President Trump’s bid, which for now fire for cooking on allegations of hostage fraud.
The US Circuit Judge Brad Garcia wrote for the majority, “Given these unique circumstances, and at least the strong possibility of Cook’s success, the government’s request for relief has been rejected properly.”
Garcia joined the US Circuit Judge Mitchell Children, both were nominated in the bench by former President Biden.
American Circuit Judge Gregory Catsus, the only trump appointment of the panel, dissatisfaction.
“In my view, Cook cannot show the error at all, very rarely such as a warrant correction,” Katasas wrote.
Trump fired Cook late last monthCriminal referral It is alleged that he incorrectly understood the properties such as primary residence week in Michigan and Georgia in 2021 and represented a third property improperly, which was as his “second house”.
The President has long been targeted to not reduce the interest rates to the Fed, and the firing of Cook mark the latest bid of the President in termination of an independent agency leader, which cannot be terminated without a proper reason, under the federal law.
Among other agencies, Trump does not have the purpose of not being the cause in his firing, and his administration said his removal safety is unconstitutional.
In the Fed, however, the President claims that he has the reason and is following the law. The lawyers of the Trump administration argue that the courts have no right to estimate the President on the allegations of hostage fraud, which is a valid reason.
The Department of Justice on Sunday wrote in the filing in the court, “The public and executive are interested in ensuring the integrity of the Federal Reserve, and this requires the removal of governors to honor the President’s Statutory Authority.
Cook’s lawyers warned the appeal panel against intervention. He argues that Trump did not have a valid reason, and Cook had the right to hear to combat the allegations.
They tooIndicated the court For reports of reports that came out last week that Cook referred to his Atlanta property as a “holiday house” in a loan estimate, saying that it outlines the allegations.
Cook’s lawyers wrote in the filing in the court, “The first indication of staying in this court by this court will be that our government’s system is no longer able to guarantee the freedom of Federal Reserve.”
“If nothing, the President will not be prevented from firing on similar flimsy pretexts to other board members. The Fed freedom era will end,” he continued.
Cook’s lawyers have unevenly stated that he “never committed hostage fraud.”
After a biden appointment on Tuesday, the case reached DC circuit after US District Judge Jia CobRestored cook As his legal challenge moves forward.
It has given up the racing of the administration in the appeal courts before this week’s meeting, when economists hope that the Fed will reduce its major interest rate.
With its disadvantage in the DC circuit, the administration may still seek relief in the Supreme Court, which has regularly biased with Trump in emergency cases.
Hill Cook’s legal team and the White House have arrived for comments.
Updated at EDT at 8:37 pm
