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US Supreme Court lets Cook remain on Fed for now
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PerthNow
The top US court has rejected an administration request to have Lisa Cook removed from the Fed.
(AP PHOTO)The top US court has rejected an administration request to have Lisa Cook removed from the Fed.
(AP PHOTO) Credit: AAPThe US Supreme Court says it will hear arguments in January over US President Donald Trump's attempt to remove Federal Reserve governor Lisa Cook, leaving her in the post for now.
"President Trump lawfully removed Lisa Cook for cause from the Federal Reserve Board of Governors.
But in Cook's case, the court opted to hear arguments first before deciding the Justice Department's request to similarly remove Cook on a preliminary basis.