Trump rushes to demand the court to continue the impeachment of Cook before the Fed policy meeting next week.

Ahead of the monetary policy meeting of the Federal Reserve next week, the Trump administration has filed a request with the federal appeals court to suspend the lower court's ruling blocking the dismissal of Federal Reserve Governor Lisa Cook. The urgency of this request stems from the fact that the Federal Open Market Committee (FOMC) is scheduled to meet on September 16 and may instruct the Federal Reserve banks to conduct open market operations. Cook, as a member of the FOMC, is expected to participate in this two-day meeting. The market widely expects that policymakers at this meeting will lower the benchmark interest rate by 25 basis points to a range of 4.00% - 4.25%. Cook's legal team strongly opposes this, arguing that an administrative stay could disrupt the FOMC vote and potentially have real consequences for domestic and international markets. They emphasize that the government has not identified any emergency situation that requires an immediate stay of the ruling, and that administrative intervention may exacerbate market uncertainty. It is worth noting that President Trump has repeatedly called on the Federal Reserve to cut interest rates to stimulate economic growth and publicly criticized Federal Reserve Chairman Powell for maintaining interest rates unchanged this year.