The Supreme Court on Wednesday refused to let President Donald Trump fire Federal Reserve Gov. White House spokesperson Kush Desai, however, said, “President Trump lawfully removed Lisa Cook for cause from the Federal Reserve Board of Governors,” according to a statement seen by Reuters, CNBC and Bloomberg. “We look forward to ultimate victory after presenting our oral arguments before the Supreme Court in January,” Desai said. The January time frame for Supreme Court arguments is crucial. Tim Mahedy, a former senior adviser at the Federal Reserve Bank of San Francisco, compared Wednesday’s Supreme Court deferral to “punting the football.”“We still have to deal with this in January,” Mahedy told Bloomberg.