WASHINGTON — A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump's efforts to fire her.
What You Need To Know
A federal court has ruled that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump's efforts to fire her
The ruling, which will almost certainly be appealed, is a blow to the Trump administration's efforts to assert more control over the traditionally independent Fed
Congress has also sought to insulate the Fed from day-to-day politics
Trump said he was firing Cook on Aug. 25 over allegations that she committed mortgage fraud related to two properties she purchased in 2021, before she joined the Fed
Cook's lawyers argued th