Lisa Cook was nominated to the Fed's governing board by former president Joe Biden. The US Supreme Court on Wednesday barred Donald Trump from immediately firing Federal Reserve Governor Lisa Cook, as the president mounts multiple challenges that have tested the independence of the central bank. Over the summer, Trump attempted to fire Cook, who serves on the Fed's powerful seven-person governing board, claiming that she had falsified statements on her mortgage agreements. Cook has filed a lawsuit challenging her firing, arguing that she was not given a chance to meaningfully contest allegations against her. Asked to comment, a Federal Reserve spokesperson referred AFP to a statement from August in which it said it would "abide by any court decision."