Judge Weighs Request to Block Trump’s Firing of Fed Governor Lisa Cook

WASHINGTON—U.S. District Judge Jia Cobb said on Aug. 29 that she will weigh a request to temporarily block President Donald Trump’s firing of Federal Reserve Governor Lisa Cook, as both sides in the lawsuit consider an expedited hearing schedule over the weekend. Trump recently said Cook should resign after Federal Housing Finance Agency Director William Pulte accused her of falsifying mortgage applications to secure lower interest rates. When Cook did not resign, Trump said he would fire her. Cook then sued to prevent her removal. Her lawsuit alleged that the Federal Reserve Act says Trump could not fire her without first showing cause and giving her a hearing....