Trump cannot shoot Lisa Cook before the FOMC meeting, the rules of the Court of Appeal

On Monday, the Federal Appeal Court ruled this president Donald Trump Not possible fire Federal Reserve governor Lisa Cook Before the Central Bank Policy Committee votes whether interest rates will be reduced.

the to rule From the American Court of Appeal in the County County Department, it means that Cook, a member of the Council of Governors at the Federal Reserve, can participate in the pivotal meeting that will continue on Tuesday.

On Thursday, Trump’s lawyers submitted an emergency request to stop the lower court ruling, which prevented Cook from walking while a lawsuit continues against the president’s work.

But they “did not satisfy the strict requirements to stay awaiting the appeal,” the Court of Appeal sentenced its brief order on Monday night.

The White House did not immediately respond to the CNBC request for comment.

Trump moved to Fire Cook in late August “for the reason”, noting allegations of fraud on the mortgage offered by the director of housing finance in his administration, Bill Bouti.

The move was unprecedented, although Trump, who wanted to reduce interest rates, has not shown repeatedly about concerns about the independence of the central bank.

The Federal Reserve Chairman has been repeatedly attacked Jerome Powell To reject low prices, and in points that are the attempt to shoot it, though supreme court It seems that it offers some cover to the Powell in the rule of May.

Trump retracted the threats against Powell, but he continued to move to Fire Cook, one of those appointed to the former president Joe Biden Which voted in Lockstep with Powell.

A lawsuit against Cook to prevent shooting. It has denied the fraud in the mortgage.

A committee of three judges deal with the appeal J

Garcia wrote in a statement that Trump’s behavior was likely to violate the lawsuit of the procedures due to the constitution, in an agreed statement, the American boycott judge, Jia Cope, who prevented the shooting of Cook last week, was “correct” when she ruled that Trump’s work had violated the condition of legal procedures due to the constitution.

“For this reason – because of the lack of unique features in this case compared to the recent challenges on presidential removal operations – I vote to deny the government’s emergency request to obtain a suspended appeal,” Garcia wrote in his approval, which Childz joined.

The third judge, appointed Trump Gregory Katasas, said in an opposition statement that would have given the president’s request.

Katasas said that he does not agree to the results of the cup that Cook cannot be removed for his behavior that was previously appointed to the Federal Reserve, and that it has a constitutional protected property interest in its office.

“In my opinion, both property mistakes, and the fair balance here is in favor of the government,” Katasas wrote. “So, I will grant the government’s request to stay waiting for the appeal.”