Federal Judge Temporarily Blocks Trump from Firing Fed Governor Lisa Cook

A federal judge in Washington D.C. temporarily blocked President Trump from firing Federal Reserve Governor Lisa Cook, citing likely violations of the Federal Reserve Act and safeguarding the Fed's independence from political interference. Trump had sought to remove Cook based on unproven allegations, but the court ruled that her removal without cause would cause irreparable harm and undermine the Fed's autonomy. This legal action occurs amid Trump's efforts to influence the Fed's composition and interest rate decisions.