Following is a joint statement by Abbe David Lowell of Lowell & Associates, and Norm Eisen, executive chair of Democracy Defenders Fund, regarding U.S. District Judge Jia M. Cobb’s Tuesday decision that blocks President Trump from removing Lisa Cook from the Federal Reserve Board of Governors.

“The court’s ruling recognizes and reaffirms the importance of safeguarding the independence of the Federal Reserve from illegal political interference. Allowing the president to unlawfully remove Governor Cook on unsubstantiated and vague allegations would endanger the stability of our financial system and undermine the rule of law. Governor Cook will continue to carry out her sworn duties as a Senate-confirmed Board Governor member.”

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Democracy Defenders Fund brings together a nonpartisan team to work with national, state and local allies across the country to defend in real-time the foundations of our democracy.