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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

Lisa Cook to remain at Federal Reserve while fighting Trump attempt to fire her, judge rules

a woman sits at a table with her hand on the left side of her neck as she holds a pen and looks across the table
Lisa Cook attends a Federal Reserve board open meeting in Washington DC on 25 June 2025. Photograph: Bloomberg/Getty Images

A federal judge has ruled that a Federal Reserve board member, Lisa Cook, can stay in her post while suing Donald Trump over his unprecedented attempt to fire her.

Cook is legally challenging the US president after he sought to remove her, citing unconfirmed allegations of mortgage fraud, amid an extraordinary campaign by his administration to strengthen its control over the US central bank.

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