Appeals court rules Lisa Cook can remain as Fed governor, blocking Trump's removal efforts

An appeals court ruled that Lisa Cook can remain as Federal Reserve governor on Monday. The decision overturned President Donald Trump’s efforts to remove Cook ahead of a vote on interest rates.

It is expected that the Trump administration will turn to the Supreme Court to remove Cook from her position ahead of the Fed’s two-day meeting that starts on Tuesday. Cook’s lawsuit, looking to permanently block her firing, still must make its way through the courts.

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