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2025-09-16 08:36:06
[The Federal Reserve’s September interest rate meeting list is finalized: Milan’s nomination is approved, and Cook’s dismissal order is rejected] On Monday, a U.S. appeals court rejected U.S. President Trump’s request to fire Federal Reserve Board member Lisa Cook. This is the first time the president has attempted to take such action since the Federal Reserve was founded in 1913. The ruling of the Court of Appeals for the District of Columbia Circuit means that Cook can temporarily continue to stay at the Federal Reserve during the Federal Reserve’s policy meetings on Tuesday and Wednesday local time. The Trump administration is expected to appeal to the U.S. Supreme Court. In addition, on Monday local time, Trump’s nominee for the Federal Reserve Board, Milan, received enough votes to confirm his appointment in the U.S. Senate, which will enable him to participate in the Federal Reserve’s interest rate decision this week with the other 11 voting members.
