The Supreme Court said President Donald Trump must allow Lisa Cook to remain on the Federal Reserve for now, rejecting his bid to immediately fire her from the central bank, which has broad influence over the economy through its interest rate decisions.
Rather than grant Trump’s emergency request for her to be fired, the high court said it would hear oral arguments on the issue in January.
The justices are already set to consider a similar case on the Federal Trade Commission, which raises the issue of whether Congress or the courts can protect leaders of independent agencies from removal by the president.
Supreme Court says Trump cannot, for now, remove Lisa Cook from Fed; will take up matter in January
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