A US court on Friday began hearing Federal Reserve Governor Lisa Cook’s challenge of President Donald Trump’s attempt to fire her, in a legal battle set to have major implications for the US central bank and its independence.
The session ended with no immediate ruling, with more arguments to be submitted Tuesday.
In the first hearing in the case, a judge in Washington considered Cook’s request for a temporary order declaring Trump’s attempt to oust her unlawful.
This would allow Cook — the first Black woman to serve on the Fed’s board — to continue in her role while she challenges her ouster.
Judge Jia Cobb, who was appointed under former president Joe Biden’s administration, heard arguments from lawyers representing Cook and Trump respectively.
Among other issues, the discussions inc