By Victor Reklaitis and Greg Robb
Lisa Cook is the first Black woman to serve as a governor on the Federal Reserve Board.
A judge has ruled that Federal Reserve governor Lisa Cook should stay in her post for the central bank's Sept. 16-17 meeting that will set interest rates, delivering a setback to President Donald Trump's effort to fire her over an allegation of mortgage fraud.
The Tuesday-night ruling from U.S. District Court Judge Jia Cobb of the District of Columbia is only on the narrow question of Cook's near-term status.
Still, Cobb's decision is a step toward reducing the unusual level of uncertainty around who actually will take part in the Fed's upcoming meeting on rates.
Cook sued on Aug. 28 to block Trump's Aug. 25 attempt to fire her and to affirm that she remains an active member of the Fed's Board of Governors while her court case on her termination proceeds.
-Victor Reklaitis -Greg Robb
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09-09-25 2213ET
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