President Donald Trump’s decision to fire Federal Reserve governor Lisa Cook has been blocked by a judge.
Judge Jia Cobb issued a temporary restraining order in Cook’s lawsuit against her termination on Tuesday night.
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Trump said last month that he was firing Cook because of mortgage fraud allegations made against her by Federal Housing Finance Agency Director Bill Pulte .
“The public interest in Federal Reserve independence weighs in favor of Cook’s reinstatement,” Cobb wrote in an opinion on her decision Tuesday.
Federal Reserve Board of Governors