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Lisa Cook can remain on Fed board for now as Supreme Court agrees to hear arguments
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Scotsman Guide
The Supreme Court has agreed to review the high-profile case of Federal Reserve Governor Lisa Cook but deferred President Donald Trump’s request for her immediate removal from the Board of Governors pending oral arguments in January.
The two-sentence, unsigned Supreme Court order issued Wednesday allows Cook to continue serving on the Fed’s board and its 12-member rate-setting committee for now.
Both a U.S. district court judge and a federal appeals court ruled in Cook’s favor, allowing her to attend the Fed’s September meeting.
DOJ attorneys representing Trump appealed the matter to the Supreme Court in September.
The Supreme Court order asked the court clerk to establish a briefing schedule for the court to respond to those “friend of the court” briefs.