Summary
The Trump administration asked a court to remove Lisa Cook from the Federal Reserve's board before the Fed's next meeting on interest rates. Senate Republicans are also working to confirm Stephen Miran for an open spot on the board.
Key Facts
- The Trump administration wants Lisa Cook removed from the Federal Reserve board quickly.
- They have asked an appeals court to make this decision by Monday.
- This action is to influence the Federal Reserve's upcoming interest rate meeting.
- The Federal Reserve will discuss interest rates on Tuesday and Wednesday next week.
- Senate Republicans are trying to confirm Stephen Miran for an open position on the board.
- The confirmation of Stephen Miran could happen as early as Monday.
