NewsHK
Supreme Court has ruled that President Donald Trump cannot remove Federal Reserve Governor Lisa Cook while her legal challenge to that dismissal proceeds through the courts.
The decision leaves Cook in place at the Federal Reserve for now, injecting fresh uncertainty into the already fraught question of executive authority over the central bank.
A Lawsuit That Keeps the Fed's Composition Intact Cook filed suit contesting Trump's effort to fire her, and the Supreme Court's ruling means she retains her seat as the case moves forward.
The order is protective in nature — it does not resolve the underlying legal dispute but prevents the administration from acting against her in the interim.
Keep reading