Lisa Cook, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024.
Al Drago | Bloomberg | Getty Images
The Supreme Court on Wednesday allowed Federal Reserve Governor Lisa Cook to remain in her post pending oral arguments in January on whether President Donald Trump has legal cause to fire her.
The court’s move is a blow to Trump, who has repeatedly and unsuccessfully asked federal courts to allow him to terminate Cook from the Fed’s Board of Governors without delay.
Trump has cited claims that Cook committed mortgage fraud as his reason for firing her. Cook denies any wrongdoing in connection with statements she made in applying for mortgages on two homes she owns in Michigan and Georgia.
This is breaking news. Please refresh for updates.
