Appeals Court Says Lisa Cook Can Remain on Fed Board NYT | Top Stories By: Tony Romm, Colby Smith and Ben Casselman 16 September 2025 at 09:44 The decision came the day before the Federal Reserve begins a two-day meeting at which policymakers are expected to cut interest rates. © Drew Angerer/Getty ImagesPresident Trump has tried to oust Lisa Cook from her role as a Federal Reserve governor over allegations of mortgage fraud, even though she hasn’t been charged with a crime.