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The decision means that Cook can for now remain at the Fed ahead of its policy meeting this week where it is expected to cut U.S. interest rates to shore up a cooling labor market.
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The decision comes just hours before the central bank’s next meeting begins.
The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook. The Fed’s next ...
President Donald Trump cannot remove Lisa Cook from the Federal Reserve’s Board of Governors for now, a federal appeals court ...
The ruling by the U.S. Court of Appeals for the District of Columbia Circuit means Cook can participate in the Federal Reserve’s policy meeting, which starts on Tuesday.
Trump moved to fire Cook in late August, citing allegations of mortgage fraud brought by one of his political appointees, Federal Housing Finance Agency Director Bill Pulte. Cook has not been charged ...