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Appeals court blocks Trump from firing Fed’s Lisa Cook, setting stage for SCOTUS clash

Appeals court blocks Trump from firing Fed’s Lisa Cook, setting stage for SCOTUS clash

The U.S. Court of Appeals for the D.C. Circuit on Monday blocked President Donald Trump from immediately firing Lisa Cook from her role on the Federal Reserve Board of Governors, clearing the way for her to participate in a crucial interest rate-setting meeting that begins in a matter of hours. It was not immediately clear whether the Trump administration would seek an emergency stay from the Supreme Court before the two-day meeting of central bankers kicks off on Tuesday.  The White House did not immediately respond to Fox News Digital’s request for comment on the matter.  LAWYERS FOR COOK, DOJ TRADE BLOWS AT HIGH-STAKES CLASH OVER FED FIRING For months, Trump has pressed the Federal Reserve to cut rates in order to help spur the nation’s economic growth. Fed watchers broadly expect the central bank to cut rates during the Federal Open Market Committee (FOMC).  The outcome of the FOMC meeting impacts every American, with knock-down effects felt in borrowing costs from everything from mortgages to credit cards.  The D.C. Appeals Court ruling also comes as the Senate narrowly voted 48-47 Monday night to approve Trump’s Fed board nominee, Stephen Miran. He will also participate in the FOMC meeting that will help decide the direction of the economy. Trump last month tapped Miran — who currently leads the White House Council of Economic Advisers — to fill the seat vacated by Federal Reserve Governor Adriana Kugler, following her resignation in August. He will finish the remainder of Kugler’s term, which ends on Jan. 31, 2026. SENATE CONFIRMS STEPHEN MIRAN TO FED BOARD AHEAD OF CRUCIAL RATE CUT MEETING Last week, U.S. District Court Judge Jia Cobb temporarily blocked Cook’s firing, allowing her to continue in her current role for now. She said Trump likely violated Cook’s due process rights and that the Federal Reserve statute does not account for conduct that occurred before a governor took office, like the mortgage fraud alleged against Cook. The allegations originated with Bill Pulte, a Trump appointee to the federal agency that regulates Fannie Mae and Freddie Mac.  Pulte tied Cook to a trio of properties in Michigan, Georgia, and Massachusetts, which prompted scrutiny over whether Cook had misrepresented how the homes would be used. The three mortgage loans were issued in 2021, before she was nominated by former President Joe Biden to join the Fed board.  Pulte made two separate referrals to the Justice Department over Cook’s mortgage applications. Trump seized on those allegations and ousted Cook on Aug. 25, which prompted her to sue him in federal court three days later. Her lawsuit named as defendants Trump, the Board of Governors of the Federal Reserve System, and Federal Reserve Chairman Jerome Powell. FEDERAL RESERVE GOVERNOR LISA COOK SUES TRUMP The suit, which was filed on Aug. 28, centered on whether Trump satisfied the “for cause” provisions under federal law required to remove a sitting Fed governor, is the first of its kind. Cook’s lawsuit does not address the allegations that she listed multiple houses as a primary residence on mortgage filings.  The Justice Department opened a criminal investigation on Sept. 4 into Cook over allegations of mortgage application fraud. Her lawyer, Abbe Lowell, wrote in a filing on Sept. 2 that she “did not ever commit mortgage fraud.” Cook’s lawyers have also stressed both in court filings and in arguments before Judge Cobb last month the novelty of Trump’s attempt to oust her — a move they argued lacked sufficient cause, and could be used as a dangerous pretext to oust other members of independent federal boards.

House Republicans honor Charlie Kirk while Dem leaders skip Capitol prayer vigil

House Republicans honor Charlie Kirk while Dem leaders skip Capitol prayer vigil

House Speaker Mike Johnson led a prayer vigil for Charlie Kirk inside the Capitol’s Statuary Hall on Monday evening that was open to members of both parties. While scores of Republicans and the party’s top three senior leaders from the House were present at the vigil, their Democratic counterparts were not seen in attendance by Fox News Digital.  Reps. Debbie Dingell, D-Mich., Tom Suozzi, D-N.Y., Don Davis, D-N.C., John Larson, D-Conn., Jimmy Panetta, D-Calif., Marie Gluesenkamp Perez, D-Wash., and Chris Pappas, D-N.H., were among those Democrats spotted. “Scripture reminds us that we should not be overcome by evil, but we should overcome evil with good. That is the legacy of Charlie Kirk,” Johnson told those gathered at the vigil. “I think the best way to honor the memory of Charlie Kirk is to live as he lived.” CONGRESS WEIGHS $58M SECURITY FUNDING AS CHARLIE KIRK VIGIL PLANNED FOR TONIGHT AMID DEADLINE PRESSURE Majority Leader Steve Scalise, Majority Whip Tom Emmer and Republican Conference Chair Lisa McClain also offered words of tribute at the vigil. “The assassination of Charlie Kirk wasn’t just an attack on one individual, it was an attack on the traditional values that make our country this great country,” Emmer said. “Great values of free speech, civil discourse, public debate, the ability to think independently and voice your opinions, exchange ideas, and even disagree with one another, but to do so without fear of physical retribution.” Emmer added, “The fact that he got killed for it, and many Americans consequently celebrated his murder, begs the question: how do we get so far away from the values our nation was built upon? More importantly, how do we get back?” HUNDREDS MOURN CHARLIE KIRK AT KENNEDY CENTER MEMORIAL: ‘HONOR HIS UNMATCHED LEGACY’ Lawmakers from both sides of the aisle have roundly condemned the trend of political violence following Kirk’s assassination. But, despite the condemnation and expressions of sorrow from both sides of the political aisle, there have still been some contentious moments on the Hill following Kirk’s death. On the day of Kirk’s passing, a moment of silence for the slain activist inside the House Chamber devolved into chaos after Republican South Carolina Rep. Lauren Boebert requested a spoken prayer be said in addition to a silent prayer, which was met with protest from Democrats. Some reportedly began shouting about how Republicans had ignored a school shooting that happened the same day as Kirk’s, according to media reports. Meanwhile, Rep. Anna Paulina Luna, R-Fla., stood up and began shouting back, saying, “You all caused this.” Rep. Ilhan Omar, D-Minn., is facing efforts by Republicans to strip her of her committee assignments and seats after she disparaged Kirk’s legacy shortly after his assassination.  After Kirk’s murder, she told the progressive news outlet Zeteo that Kirk previously “downplayed slavery and what Black people have gone through in this country by saying Juneteenth shouldn’t exist.” “There are a lot of people who are out there talking about him just wanting to have a civil debate,” Omar said. “There is nothing more effed up, you know, like, than to completely pretend that, you know, his words and actions have not been recorded and in existence for the last decade or so.”