The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank.
Federal Reserve Governor Lisa Cook will be permitted, for the time being, to stay on the central bank board at least through next year after legal questions over her termination by U.S. President Donald Trump.
The court said it would hear arguments in January over President Donald Trump’s effort to force Ms. Cook off the Fed board; White House vows to continue its legal fight
WASHINGTON (AP) — The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank.
Supreme Court to decide in 2026 whether Trump’s bid to oust Cook over disputed mortgage fraud claims was justified, as Fed faces pressure on interest rates.
In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’s effort to force Cook off the Fed board.
In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’s effort to force Cook off the Fed board.