The Supreme Court has decided to delay action on whether President Donald Trump can immediately remove Federal Reserve board member Lisa Cook . Instead, the court will hear oral arguments on the matter in January , allowing Cook to remain in her position for now. The ruling is expected by the end of June.

President Trump had requested the court's permission to fire Cook while ongoing litigation continued in lower courts. However, the Supreme Court's decision suggests there was not a majority in favor of granting this request at this time. Under the Federal Reserve Act, presidents can only remove governors "for cause," which requires evidence of wrongdoing. Trump claims he fired Cook due to allegations of mortgage fraud , but Cook denies these claims, and documents appear to contra

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