President Donald Trump filed an appeal on Sept. 10 against a federal judge’s order reinstating Federal Reserve Governor Lisa Cook after he fired her last month.
Cook joined the Federal Reserve System’s board of governors in January 2022 to fill an unexpired term after being nominated by President Joe Biden.
She was reappointed in September 2023. Her current term is set to expire in January 2038.
The Federal Reserve System is the nation’s central bank. It manages monetary policy through activities such as setting interest rates.
The Fed also oversees financial institutions and electronic payment systems, distributes currency, and serves as a lender of last resort to financial institutions under stress….