A side-by-side image of President Donald Trump and Federal Reserve Governor Lisa Cook. ( Andrew Harnik/Al Drago/Getty Images/Getty Images)
Cook's legal fight traces back to late August, when Trump said he was firing her from the Federal Reserve Board of Governors.
He alleged she misrepresented information tied to a trio of mortgages she obtained before joining the central bank. Cook has denied any wrongdoing and has not been charged with a crime.
She sued Trump in federal court in Washington, D.C., to block her removal. On Sept. 9, a district court judge barred Trump from firing her while the case proceeds, a decision later upheld by a federal appeals court.
FEDERAL RESERVE GOVERNOR LISA COOK SUES TRUMP
Federal Reserve Chair Jerome Powell speaks with Lisa Cook during a meeting at the Federal Reserve in Washington, D.C., on June 25, 2025. (Saul Loeb/AFP/GettyImages)
She joined the Fed board in May 2022 and was reappointed in September 2023 for a term that runs through January 2038, a tenure now under scrutiny as the Supreme Court prepares to hear oral arguments Wednesday.
The court is expected to issue a ruling by this summer.
Amanda covers the intersection of business and politics for Fox News Digital.
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