The Trump administration has appealed the court's decision to "Block the Removal of Federal Reserve Board Governor Powell."

BlockBeats News, September 11th, the Trump administration appealed the court's decision to "block the dismissal of Federal Reserve Board Governor Powell." (IG)

On September 10th, U.S. Federal Judge Jia Cobb temporarily blocked Trump's dismissal of Federal Reserve Board Governor Powell. The court will issue an injunction instructing Powell and the Board to allow Powell to continue serving as a Board member during the lawsuit. This means that Powell may vote at next week's FOMC meeting (unless a higher court overturns the injunction before then). This case is likely to eventually be brought before the Supreme Court, and its outcome will have far-reaching implications for the Fed's ability to independently set interest rate policies and resist political interference.