Trump Appeals Judge’s Block on Fed Firing Ahead of Rates Meeting

- Trump seeks emergency stay before Fed meeting on Monday. - President’s legal battle highlights high stakes in Federal Reserve leadership ahead of rate decision. As the Federal Reserve faces imminent rate decisions, President Donald Trump has asked a federal appeals court to stay a ruling that blocked his attempt to fire Governor Lisa Cook over mortgage fraud allegations. His legal team argues that resolving the case before Monday’s interest rate meeting is crucial to reinforcing the Federal Reserve's governance. On September 11, 2025, Mitrade reported that Trump’s filing responds to an earlier decision by U.S. District Judge Jia Cobb, who rejected his administration’s effort to dismiss Cook. Acting on Trump’s behalf, the Justice Department has consequently requested an emergency stay from a three-judge panel, contending that removing Cook would enhance the institution’s integrity. If the appeals court does not act swiftly, Trump's team has signaled its intent to escalate the case to the Supreme Court. The dispute centers on claims from Federal Housing Finance Agency Director Bill Pulte, who alleges that in 2021, Cook deceived lenders to obtain favorable mortgage terms by falsely listing properties in Michigan, Georgia, and Massachusetts as her “primary residence.” In her ruling, Judge Cobb stated that Trump likely overstepped his authority under the Federal Reserve Act by trying to remove Cook unilaterally and also violated due process with a public announcement on social media. In response, Governor Cook has dismissed the allegations, labeling the effort a “politically motivated pattern” and cautioning that such actions risk eroding public trust in the Federal Reserve. While the Federal Reserve has remained neutral on the matter, stating it will abide by the judiciary’s final decision, Trump’s legal maneuvering coincides with heightened anticipation for the Fed’s next interest rate decision. This decision carries significant implications for monetary policy and financial market stability. Meanwhile, according to CoinMarketCap data on September 11 at 10:00 UTC, Bitcoin (BTC) was trading at $25,736, with its 24-hour trading volume up 3.8%. Ethereum (ETH) was trading at $1,676, marking a 2.5% rise.