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The Trump administration is appealing a court ruling that reinstated Lisa Cook to the Federal Reserve board. They want her removed before the next interest rate vote. The White House argues Cook's alleged pre-appointment mortgage fraud compromises her trustworthiness. A judge ruled the administration hadn't met the legal standard for removal. Meanwhile, Senate Republicans are pushing to confirm Trump's nominee, Stephen Miran, potentially influencing the rate decision. The Fed is expected to cut interest rates, but the extent of the cut remains uncertain, depending on the outcome of Cook's case and Miran's confirmation.

Prepared by Lauren Mitchell and reviewed by editorial team.