The Supreme Court on Wednesday allowed Federal Reserve Governor Lisa Cook to remain in her post pending oral arguments in January on whether President Donald Trump has legal cause to fire her.

The court's move is a blow to Trump, who has repeatedly and unsuccessfully asked federal courts to allow him to terminate Cook from the Fed's Board of Governors without delay while her lawsuit challenging her removal is pending.

Trump has cited claims that Cook committed mortgage fraud as his reason for firing her from the seven-member board.

But his first effort to remove her in August came after he, for months, had unsuccessfully pressured her, Fed Chairman Jerome Powell, and other members of the central bank to cut interest rates

Cook denies any wrongdoing in connection with statement

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