The White House said it will appeal the decision by the Appeals Court to block the removal of Federal Reserve director Cook.
The White House announced that it will appeal the court's decision to block President Trump's dismissal of Federal Reserve Board member Lisa Cook. This move further escalates the major legal battle over the American central bank. White House spokesperson Kush Desai stated in a declaration, "The President lawfully dismissed Lisa Cook for legitimate reasons. The government will appeal this decision and looks forward to ultimately prevailing on this issue." A Washington appeals court confirmed by a 2-1 decision on Monday evening that Cook can continue in her position while the lawsuit against Trump's dismissal decision progresses. Just hours after this decision was announced, the Federal Reserve is set to hold a highly anticipated two-day meeting on Tuesday to decide on interest rates. Despite this decision potentially allowing the controversial economist to attend the Fed's policy meeting, Trump may still seek the intervention of the Supreme Court.
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