URGENT: Appeals Court Blocks Removal of Lisa Cook from Federal Reserve Board

BREAKING NEWS: Appeals Court Blocks Removal of Lisa Cook from Federal Reserve Board A federal appeals court has blocked President Trump's attempt to remove Lisa Cook, a member of the Federal Reserve's governing board, just days before a key vote on interest rates. The decision was made in a two-to-one vote and upholds an earlier ruling by a district judge. Lisa Cook, the first Black woman to serve on the Fed's governing board, has been targeted by President Trump after allegations surfaced that she made false statements on a mortgage application. However, Cook has denied any wrongdoing. The appeals court ruled that firing Cook would likely violate the Federal Reserve Act, which is designed to protect the central bank from political pressure from the White House. This decision comes just ahead of the Fed's rate-setting committee vote, expected to lower its benchmark interest rate for the first time this year. The impact on the economy remains uncertain, but the court's ruling has temporarily blocked Trump's efforts to remove Cook from her position. The case is now set to go back to a district judge for further review. This is a developing story and we will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*