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Supreme Court says Federal Reserve Governor Lisa Cook can stay -- for now
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News
The Supreme Court has temporarily blocked President Trump's attempt to fire Federal Reserve Governor Lisa Cook, maintaining a critical firewall for now around the central bank's ability to make decisions without political interference from the White House.
That means Cook can stay in her job at least until the high court hears oral arguments in the case in January.
"The Court's decision rightly allows Governor Cook to continue in her role on the Federal Reserve Board, and we look forward to further proceedings consistent with the Court's order," Cook's attorneys, Abbe Lowell and Norm Eisen, said in a statement.
The push to oust Cook came after Bill Pulte, a Trump ally who serves as the head of the Federal Housing Finance Agency, accused the Fed governor of making false statements on a mortgage application.
But justices put the Federal Reserve in a special category.