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Lisa Cook, a Federal Reserve governor, is suing President Trump after he sought her ouster. The case could determine the Fed's independence and impact interest rates.
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Reserve\u2019s Board of Governors who wants to stay in her job while the legal battle over President Trump\u2019s firing her proceeds.", "simplified_text": "Federal judge considers Lisa Cook's lawsuit to stay in her job during legal battle over President Trump's firing.", "claim_maker": "The author", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a46a-970c-448a-8034-c9026e66db0f", "text": "The case holds major implications for the future of the central bank and its independence.", "simplified_text": "Lisa Cook's case holds major implications for central bank's future and independence.", "claim_maker": "The author", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a46b-9cd7-44c8-8e52-2d453b74f0ab", "text": "Mr. Trump has ended 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"simplified_text": "Fiscal year ends Sept 30 before 45-day period for Congress to consider rescission request.", "claim_maker": "The author", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a471-9743-4d3e-8125-3c1040075958", "text": "Any effort to rescind appropriated funds without congressional approval is a clear violation of the law,\u201d Senator Susan Collins, Republican of Maine and the chairwoman of the Appropriations Committee, said in a statement on Friday.", "simplified_text": "Senator Susan Collins said rescinding appropriated funds without approval is a violation of law.", "claim_maker": "Senator Susan Collins", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a472-9164-434e-9e66-c0cd0a9dcb83", "text": "The request largely targets accounts funding the United States\u2019 contributions to the United Nations and soft power programs run by the State Department and the U.S. Agency for International Development, which has already largely been dismantled by the Trump administration.", "simplified_text": "Request targets US contributions to United Nations and soft power programs run by State Department and USAID.", "claim_maker": "The author", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a473-9058-4874-9edc-ac6cbdfc54a5", "text": "The single biggest clawback would be a $445 million cut to U.S. funding of peacekeeping operations abroad, including through the United Nations.", "simplified_text": "Biggest clawback is $445 million cut to US funding of peacekeeping operations abroad.", "claim_maker": "The author", "claim_subject_tags": [ "General" ], "confidence": 0.5, 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author", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a476-77e5-4341-ab04-942b19eb356a", "text": "The hearing has officially ended without a ruling from the judge on whether Lisa Cook can remain a member of the Federal Reserve Board of Governors while her lawsuit plays out.", "simplified_text": "Hearing ended without ruling on whether Lisa Cook can remain on Federal Reserve Board.", "claim_maker": "Colby Smith", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a477-6711-48fe-aa45-b439decc197b", "text": "Trump\u2019s lawyer tells the judge, Jia Cobb, that the allegations the administration lodged against Cook \u2014 that she engaged in mortgage fraud \u2014 are not pretext.", "simplified_text": "Trump's lawyer tells judge Jia Cobb allegations against Cook are not pretext.", "claim_maker": "Colby Smith", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a478-ac3e-41ea-84f2-dbb868d9ce86", "text": "The judge has now finished questioning Trump\u2019s lawyer, who suggested that even if Cook filled out the mortgage forms mistakingly, that would not change Trump\u2019s assessment that there was cause to remove her from the Fed board.", "simplified_text": "Judge finished questioning Trump's lawyer who suggested Cook's mistake would not change Trump's assessment.", "claim_maker": "Colby Smith", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a479-9b4d-4446-831d-d4c26543c4bb", "text": "What Cook\u2019s lawyer is trying to achieve in today\u2019s hearing is to establish in a legal setting that Cook can stay on and do her job as a governor while her lawsuit plays out.", "simplified_text": "Cook's lawyer is trying to establish Cook can stay on and do her job during lawsuit.", "claim_maker": "Colby Smith", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a47a-8ceb-4bb3-9d54-6b36ab7da1f1", "text": "Legal experts have said that the allegations against Cook are simply pretext and that the president\u2019s real motive is to gain an opening on the Fed\u2019s Board of Governors in order to install another loyalist who supports lower borrowing costs.", "simplified_text": "Legal experts say allegations against Cook are pretext President's motive is to install loyalist.", "claim_maker": "Colby Smith", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a47b-7ced-415a-b5da-f4940fed549b", "text": "The president is arguing that he has \u201cbroad discretion\u201d to determine what meets the mark of \u201cfor cause.\u201d", "simplified_text": "President is arguing he has broad discretion to determine what meets mark of for cause.", "claim_maker": "Colby Smith", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a47c-765a-4e00-8b2c-10452740587b", "text": "Lawyers for President Trump on Friday asked a federal judge to reject a request by Lisa Cook, a governor at the Federal Reserve, to remain in that role as she contests the legality of her firing.", "simplified_text": "Trump's lawyers asked judge to reject Lisa Cook's request to remain in role.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a47d-c1df-4989-86b7-37bd7bd183f9", "text": "In justifying their case, the administration sketched out a sweeping view of the president\u2019s power to dismiss members of the independent central bank.", "simplified_text": "Administration sketched sweeping view of President's power to dismiss central bank members.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a47e-a90d-4007-822f-374e33e06e26", "text": "Friday\u2019s hearing is the first in what is likely to be a landmark legal battle that will determine the future of the Fed and its ability to set interest rates free of political meddling.", "simplified_text": "Friday's hearing is first in landmark legal battle determining Fed's future and ability to set rates.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a47f-9912-498c-a057-b3d7daa4f248", "text": "In a roughly 30-page filing, submitted just before a federal judge was set to hear the first arguments in the case, the Justice Department said that Mr. Trump had sufficient cause to dismiss Ms. Cook over allegations that she engaged in mortgage fraud, even though she has not been charged with any wrongdoing or committed of any crime.", "simplified_text": "Justice Department said Trump had sufficient cause to dismiss Cook over mortgage fraud allegations.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a480-99b3-4615-8496-721d2c979cdc", "text": "In doing so, the Justice Department told the court it should be \u201chighly deferential\u201d to the president and his interpretation of what qualifies as sufficient cause to remove a government official.", "simplified_text": "Justice Department told court it should be highly deferential to President's interpretation of cause.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a481-8675-42e4-b1aa-63f1baab293c", "text": "The lawyers attacked Ms. Cook for what they described as a noteworthy refusal to address nature of the allegations against her.", "simplified_text": "Lawyers attacked Cook for refusing to address allegations against her.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a482-7867-4609-b862-fe2ca6397e37", "text": "Mr. Trump's lawyers said the president\u2019s rationale provided \u201cmore than sufficient ground for removing a senior financial regulator from office.\u201d", "simplified_text": "Trump's lawyers said President's rationale provided sufficient ground for removing financial regulator.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a483-66a1-4797-9e69-c2e1945a78bf", "text": "The response from Mr. Trump\u2019s lawyers came after Ms. Cook filed a lawsuit on Thursday against the president over his attempt to remove her from her position as a member of the Fed\u2019s powerful Board of Governors.", "simplified_text": "Trump's lawyers' response came after Cook filed lawsuit against President over removal attempt.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a484-620e-4480-838f-08d8cf4d0f3c", "text": "As a governor, Ms. Cook casts a vote at every meeting on interest rates as well as other major policy decisions.", "simplified_text": "As governor Cook casts vote at every meeting on interest rates and policy decisions.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a485-5a21-489f-8733-3c7b4c8f2af0", "text": "She also sued the board and Jerome H. Powell, the Fed chair, to prevent them from executing on Mr. Trump\u2019s order to remove her.", "simplified_text": "Cook sued board and Jerome Powell to prevent them from executing Trump's order.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a486-53e1-4cba-b2e1-141d67930886", "text": "Her lawyers argued that Mr. Trump\u2019s actions were \u201cunprecedented and illegal\u201d and were part of a broader campaign to pressure the Fed to lower interest rates.", "simplified_text": "Cook's lawyers argued Trump's actions were unprecedented and illegal part of campaign to pressure Fed.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a487-38ce-4240-a15f-a15618773b12", "text": "They also acknowledged the stakes of the case, warning that if the president were allowed to proceed with her removal, the independence of the institution would be jeopardized.", "simplified_text": "Cook's lawyers warned if President proceeds with removal institution's independence would be jeopardized.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a488-2ee8-46de-937f-0886903a0f69", "text": "Ahead of Friday\u2019s hearing, the Fed weighed in as well, saying that it would not offer arguments to support Ms. Cook\u2019s lawsuit.", "simplified_text": "Ahead of Friday's hearing Fed said it would not offer arguments to support Cook's lawsuit.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a489-4349-4364-9da1-335a9e7edb3a", "text": "Instead, the central bank said in a filing it sought a \u201cprompt ruling\u201d in the case and would follow the court\u2019s orders.", "simplified_text": "Central bank said it sought prompt ruling and would follow court's orders.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null }, { "uuid": "9fc8a48a-2d68-4192-8149-6b169c299003", "text": "But in a statement earlier this week, a spokesperson at the central bank spoke positively about the protections laid out in the Federal Reserve Act that seek to insulate the institution from political interference.", "simplified_text": "Central bank spokesperson spoke positively about protections in Federal Reserve Act.", "claim_maker": "Colby Smith and Tony Romm", "claim_subject_tags": [ "General" ], "confidence": 0.5, "context_type": "Website Article", "similarity_found": false, "linked_to": null, "similarity_score": null } ], "improved_author": null, "suggested_reeval_at": "indefinite" } }
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<html lang="en" data-nyt-compute-assignment="fallback" xmlns:og="http://opengraphprotocol.org/schema/" class="nytapp-vi-liveblog" data-rh="lang"><head> <meta charset="utf-8"> <title>Trump Live Updates: Lisa Cook Lawsuit, Kamala Harris Secret Service Protection and More - The New York Times</title> <meta data-rh="true" name="robots" content="noarchive, max-image-preview:large"><meta data-rh="true" name="description" content=""><meta data-rh="true" property="twitter:url" content="https://www.nytimes.com/live/2025/08/29/us/trump-news"><meta data-rh="true" property="twitter:title" content="Trump Live Updates: Lisa Cook Lawsuit, Kamala Harris Secret Service Protection and More"><meta data-rh="true" property="twitter:description" content=""><meta data-rh="true" property="twitter:image" content="https://static01.nyt.com/images/2025/08/29/multimedia/29trump-news-header-promo945am/29trump-news-header-930am-vlzj-videoSixteenByNine3000.jpg"><meta data-rh="true" property="twi...
Lisa Cook appears in court in a case that could determine the future of the Fedโs independence. Colby Smith and Ben Casselman Aug. 29, 2025 Ten days ago, Lisa Cook was one of seven members of the Federal Reserveโs board of governors, playing an important but hardly leading role in the central bankโs debate over the path of interest rates. Today, the future of the Fed and whether it will continue to operate as an independent institution or become subject to the whims of the White House rests largely on her shoulders. Ms. Cook finds herself in that position because of President Trumpโs decision on Monday to seek her ouster, and her own decision on Thursday to file a lawsuit challenging her attempted dismissal. Those two actions set the stage for a landmark legal battle, one that is bound for the Supreme Court, over the presidentโs explicit attempts to take control of the central bank. โGovernor Cook has been thrust into a role she did not seek and doubtless would prefer to shed โ su...
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