US DoJ asks court for emergency ruling to remove Cook from Fed board | Banks News

The request comes after a federal court earlier this week blocked Lisa Cook’s firing while her lawsuit challenging her dismissal moves forward.

The administration of United States President Donald Trump has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates.

The request on Thursday represents an extraordinary effort by the White House to shape the board before the Fed’s interest…