"The Supreme Court stopped President Donald Trump from firing Federal Reserve governor Lisa Cook on Wednesday, pausing her removal until the court can here the case. Trump had asked the high court to stay an appeals court ruling that Cook can keep her job, which is supposed to be independent from the executive branch and political interference."
"The Supreme Court denied Trump's request and said Cook can remain in her position through January, when the court is likely to make a final ruling on the issue. This is a developing story and will be updated."
The Supreme Court temporarily blocked President Donald Trump's effort to remove Federal Reserve governor Lisa Cook, pausing any removal until the court can hear the underlying case. Trump requested a stay of an appeals court ruling that permitted Cook to keep her job, citing executive authority. The appeals court had concluded that the Fed governor position should be protected from political interference. The Supreme Court denied the requested stay and authorized Cook to remain in her role through January, when the court is expected to issue a final decision on the removal dispute.
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