The federal judge allows Lisa Cook to continue in the role of governor of the Fed, for the moment

A federal judge blocked the president on Tuesday Donald Trump The dismissal of the governor of the federal reserve, Lisa Cook, allowing him to continue his current role, for the moment, even if lawyers of the administration should immediately appeal the decision before a higher court for examination.

American district judge Jia Cobb, a Biden Born named Washington, DC, said Tuesday that it would move the request for cook in a preliminary injunction, which has the same effect, but will last throughout the case until a decision is made, pending any call from the government.

The judge said that Cook had shown “irreparable damage” in his time away from the federal reserve, because it is one of the leaders in monetary policy control, adding that it “has lost the ability to fulfill a high -level role and public service to which it is entitled”.

The decision, which follows the criminal investigation of the Ministry of Justice on Cook on the allegations of fraud on the mortgage request, is the last revelation of a high issuing trial which probably went to the Supreme Court. The investigation could also complicate Cook’s fight to stay in its role in the Fed board of directors, the panel of central bankers responsible for guiding the country’s monetary policy.

The Ministry of Justice opens a criminal investigation into Lisa Cook by Fed

After a hearing that lasted more than two hours on August 29, COBB said that she would quickly move on the case – in particular on the question of whether Trump acted illegally by trying to draw cook for allegations of mortgage fraud.

Cook’s lawyers, the Doj trade blows to confrontations with high stakes on the Fed shot

However, she also recognized the inherent complexities of the case and the novel asks that cook’s lawyers and lawyers for the Ministry of Justice will be struggling with the court.

Last week, COBB granted a request from cook lawyers asking for more time to submit its official request for a temporary prohibition order (TRO).

TRO is an order from the short -term emergency court designed to maintain the status quo until a full hearing can be held. In clear terms, Cook asked the court to suspend the dismissals and keep it in office until a complete legal hearing could determine whether Trump’s move was legal.

Lisa Cook, member of the Governors of the American Federal Reserve, attended a meeting at the Federal Reserve Building Building in Washington, DC, on June 25, 2025. (Saul Loeb / AFP / Getty Images / Getty Images)

Trump ousted Cook on August 25, which prompted him to prosecute him before the Federal Court three days later. His name of prosecution as defendants Trump, the Council of Governors of the Federal Reserve system and the president of the Federal Reserve Jerome Powell.

Cook’s trial maintains that Trump’s decision to dismiss her is illegal and undermines the independence of the federal reserve. The costume, which was Federal court On August 28, did not deal with allegations that Cook listed several houses as a main residence on mortgage documents.

The three home loans of Lisa Cook in the center of Trump are fighting on the headquarters of the Federal Reserve

The allegations are from Bill Pulte, a named against the Federal Agency which regulates Fannie Mae and Freddie Mac.

Pulte attached Cook to a trio of properties of Michigan, Georgia and Massachusetts, which caused a meticulous exam to know if Cook had distorted the way the houses would be used.

A view of the Google map of the Four Seasons hotel and condominiums in Atlanta, Georgia and a house in Ann Arbor, Michigan, both linked to the Governor of the Federal Reserve Lisa Cook. (Google Maps / Getty Images / Google Maps)

Meanwhile, it is not clear if Cook has tried to enter the siege of the low misty of the federal reserve since Trump published his letter of termination.

THE Federal reserve Refused to say if she tried to work from her office, works remotely or keeps access to email and other resources she needs for her work.

Trump says he’s “ always ” for legal fighting

Its ascent marked a historic first, because it became the first black woman to serve as governor to the Council of Governors of the Federal Reserve, commonly known as Fed Board.

The president of the Federal Reserve, Jerome Powell, swears in Lisa Cook as a member of the Governors’ Council of the Federal Reserve system in May 2022. (US Federal Reserve Photo / Fox News)

Now, its potential withdrawal of this same panel could mark another historic first.

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Before Cook was submitted his trial, a spokesperson for the Fed recognized the potential legal quarrel and wrote in a declaration of August 26 that the Fed “will respect any court decision”.

It is a story in development. Please check the updates.