(CNN) — An emergency court hearing over President Donald Trump’s attempt to fire Federal Reserve Governor Lisa Cook ended with no immediate ruling from the judge overseeing the high-stakes legal battle.
US District Judge Jia Cobb spent more than two hours Friday morning hearing arguments over Cook’s request to keep her job on the prominent board while her legal challenge plays out.
Trump on Monday said he had fired Cook — the first Fed governor ever to be fired by the president, citing allegations of mortgage fraud .
The unprecedented move to fire Cook was a significant escalation of the president’s battle against the Fed, which has typically been shielded from political influence throughout its history. Trump has blamed the Fed for taking too long to lower interest rates.
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