President Donald Trump has asked the Supreme Court to allow him to fire Federal Reserve governor Lisa Cook. File Pool Photo by Ken Cedeno/UPI | License Photo
Sept. 18 (UPI) -- President Donald Trump has asked the U.S. Supreme Court to allow him to remove Federal Reserve Governor Lisa Cook.
Trump has cited a fraud allegation against Cook for his reasoning for firing her, but Cook has fought back, arguing that he doesn't have the authority.
A federal appeals court on Monday rejected Trump's attempt to fire Cook.
The three-judge panel of the U.S. Court of Appeals for the D.C. Circuit issued a 2-1 emergency ruling Monday, ahead of the central bank's start of monetary policy meetings on Tuesday.
