Cook sued Trump last month after the president moved to oust her over allegations of mortgage fraud, which she denies. The lawsuit has emerged as a major flash-point in the growing clash between the White House and the Fed, which has resisted Trump’s demands to lower interest rates.
A US appeals court blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook from her post while her lawsuit challenging the dismissal proceeds.
In a win for the embattled economist, a divided appeals court in Washington on Monday affirmed that Cook can continue working for now. The 2-1 ruling means that she can likely attend the Fed’s highly anticipated Sept. 16-17 meeting to vote on interest rates. Trump is expected to ask the Supreme Court to step in.
