A federal appeals court on Monday rejected President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook.

Government said Cook’s legal arguments for why she should stay in the job were meritless. She has been accused of mortgage fraud.

Trump's attorneys wanted a lower-court ruling, which temporarily barred Cook's firing, stayed ahead of the Fed's upcoming meeting on interest rates.

Ruling comes as US president pushes to weaken central bank’s independence

A federal appeals court on Monday rejected President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook.

Cook’s claim that she was denied due process has a ‘strong likelihood of success’, court rules

Trump is trying to oust Cook from her role as part of a standoff between the president and the US central bank.

President Donald Trump has asked the U.S. Supreme Court to allow him to remove Federal Reserve Governor Lisa Cook after an appeals court rejected his attempts.

Lisa Cook took part in this week’s Fed policy meeting in which the central bank cut interest rates by 0.25%.