The United States asks the Court of Government in the emergency cases to remove cooking from the Federal Reserve Bank news

The request comes after a federal court prevented earlier this week to launch Lisa Cook, while challenging the lawsuit that challenges its separation forward.

The administration of US President Donald Trump asked the Court of Appeal to remove Lisa Cook from the Federal Reserve Governor Council by Monday, before the next vote of the Central Bank on interest rates.

On Thursday, the request is an extraordinary effort by the White House to form a council before the Federal Reserve The interest rates committee meets Next week on Tuesday and Wednesday.

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Meanwhile, Republicans in the Senate are pressuring Stephen Miran’s confirmation, Trump’s candidate in an open place in the Federal Reserve, which can happen after Monday.

In the court file on Thursday, the Ministry of Justice asked the American Court of Appeal The American boycott judge stopped Jia Cope rule on Tuesday, which temporarily veiled to remove Cook, pending the appeal of the administration.

Trump moved to shoot in late August. Cook, who refuses to commit any violations, filed a lawsuit that Trump’s claim that she participated in fraud in mortgage before joining the central bank did not give him legal authority to remove it, and it was an excuse to shoot her because of her position on monetary policy.

The federal reserve cup is prohibited from following up by shooting Cook during lawsuit Stir forward.

In their resumption in emergency situations, Trump’s lawyers argued that even if the behavior occurred before its time as a ruler, its alleged action “calls somewhat worthy of confidence in Cook and whether it could be a hostess responsible for interest rates and economics.”

The administration asked the Court of Appeal to issue an emergency decision that reflects the Court of First Instance by Monday. If their appeal succeeds, Cook will be removed from the Federal Reserve until its judgment is eventually resolved in the courts, and you will miss a meeting next week.

If the Court of Appeal rules in favor of Cook, the administration can seek a ruling in emergency situations from the Supreme Court.

The case, which is likely to end before the United States Supreme Court, has repercussions on the ability of the Federal Reserve to determine interest rates without looking at the desires of politicians, which are widely seen as decisive to the ability of any central bank to maintain inflation.

The Supreme Court and the minimum appeal courts, including the Capital Department, temporarily raised many other rulings that briefly prevented Trump from the officials of the firing agencies that were historically independent of the White House.

On Wednesday, the DC district was prevented from shooting the director of the Coptic Rights Office in the United States, Shera Berlipler, while the court’s lower refusal to return it to this position.

Trump student that Federal reserve discounts immediatelyThe Federal Reserve Chairman, Jerome Powell, repeatedly repeated his threat to monetary policy. Cook voted with the majority of the Federal Reserve Bank for every price decision since it started in 2022, including both prices and price cuts.

Fed independence

The law that established the Federal Reserve says it cannot be removed from the “cause”, but it does not specify the term and does not create removal procedures. No president has ever removed the ruler of the Federal Reserve, and the law was not tested in the court.

COB said on Tuesday that the public’s interest in the independence of the Federal Reserve from political coercion was weighing in favor of maintaining cooking in the federal reserve during the continuation of the case.

She said that the best reading of the law is that it is not permissible to remove the ruler of the Federal Reserve Bank except for misconduct while they are in office. Calls against the mortgage against Cook are all related to the measures they have taken before the US Senate confirmation in 2022.

Trump and William Polly, director of the Federal Housing Agency appointed by the president, said that Cook was inaccurately described three separate real estate for mortgage requests, which may allow them to obtain lower interest rates and tax credits.

The Ministry of Justice has also launched an investigation to defraud the real estate mortgage in Cook and issued the summons of the major jury from both Georgia and Michigan, according to the documents that Reuters watched and a source familiar with the matter.