The Trump administration filed notice Wednesday it will appeal a judge's order letting Fed governor Lisa Cook remain in her position.

Why it matters: Trump is racing against the clock to try and get Cook off the Fed's board before a rate-setting meeting next week.

Catch up quick: A federal judge ruled late Tuesday that Trump can't remove Cook while her lawsuit challenging his attempts to fire her is still pending. • Trump fired Cook on Aug. 25, saying he had cause to do so because of allegations by Federal Housing Finance Agency director Bill Pulte that she had committed mortgage fraud. • Cook's attorneys have argued any discrepancies in her mortgages were clerical errors and that conduct before she was a governor doesn't amount to cause to fire her now.

What to watch: Whether an ap

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