A federal judge Tuesday night granted a preliminary injunction blocking President Donald Trump from firing Federal Reserve Governor Lisa Cook while her lawsuit challenging her termination is resolved. The FOMC is set to meet again September 16-17.
"At this preliminary stage, the Court finds that Cook has made a strong showing that her purported removal was done in violation of the Federal Reserve Act’s 'for cause' provision," Judge Jia Cobb wrote.
"The Court agrees with Cook’s argument that preventing her from discharging her duties as a Federal Reserve Governor, a unique Presidentially appointed and Senate-confirmed role with significant responsibility, itself constitutes irreparable harm remediable only by her reinstatement." (See: MNI: Legal Experts Say Fed's Cook Will Prevail Against Trump)
Department of Justice lawyers have previously indicated they intend to appeal any decision against Trump.