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Lisa Cook, the governor of the US Federal Reserve, during the research conference of Thomas Laubakh, held by the US Governors Council of the US Federal Reserve in Washington, USA, Friday, May 19, 2023.
Al Drago | Bloomberg | Gets the image
The Federal Appeal Court ruled on Monday that President Donald Trump could not dismiss the Lisa Cook Federal Reserve Governor before the Central Bank’s policy committee votes for whether interest rates should be reduced.
A resolution From the US Appeal Court in Colombia, it means that Cook, a member of the Fed Council, may participate in a key two -day meeting starting on Tuesday.
Trump’s lawyers on Thursday filed an application for emergencies to suspend a low court ruling, which banned the shooting of the Cook from the entry into force, while its lawsuit against the actions of the president is ongoing.
But they “are not satisfied with the rigid requirements for the finding appeal”, the Appeal Court ruled in its short order on Monday night.
The college of three judges involved in the J. Michel Childs and Bradley Garcia, two appointed former President Joe Biden, who made Trump’s side on a quick stay.
The US District Judge Jia Cob, who blocked Cook’s shooting last week, was “correct” when it decided that Trump’s action probably violated the provision on the proper process of the Constitution, Garcia writes in the relevant statement.
“For this reason – and because of the many unique features of this case compared to other recent problems with the removal of the president – I vote for denying the government’s extraordinary request for the appeal,” Garcia wrote in his consent.
The third judge, appointed Trump Gregory Katsas, said in a disagreement statement that the president would ask.
This is conducting the news. Please check the updates.
