Federal court blocks Trump from sacking Lisa Cook
NAIROBI, Kenya, Sept 16 - US President Donald Trump cannot oust Federal Reserve governor Lisa Cook from her role, a federal appeals court has ruled. The Kenya breaking news | Kenya news today |..
✨ Key Highlights
A federal appeals court has blocked US President Donald Trump from removing Federal Reserve governor Lisa Cook, a ruling that allows her to participate in the upcoming Fed's policy meeting to discuss interest rates.
- The 2-1 ruling is a setback for Trump's attempt to oust Cook, whom he accused of mortgage fraud.
- Cook is part of the Fed board responsible for setting US interest rates and denied the allegations of mortgage fraud.
- The case highlights concerns about the Fed's independence from political interference, with the Trump administration expected to take the ruling to the Supreme Court.
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Trump Announces NYT Lawsuit, Faces Court Ruling, and Moves on TikTok Deal - September 2025
Former U.S. President Donald Trump announced on Monday his plan to sue the New York Times for $15 billion over alleged defamation and libel, stating the lawsuit will be filed in Florida. In a separate event, a federal appeals court has blocked President Trump from removing Federal Reserve governor Lisa Cook, a ruling that allows her to participate in the upcoming Fed's policy meeting. Additionally, the US Treasury Secretary announced a "framework" deal has been agreed with China regarding the ownership of TikTok's American operations. US President Donald Trump and Chinese President Xi Jinping are expected to finalize the agreement on Friday.
