Appeals court rejects Trump’s bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote
By CHRISTOPHER RUGABER
WASHINGTON (AP) — An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor for now, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates.
The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook before the Fed meets. And Cook’s lawsuit seeking to permanently block her firing must still make its way through the courts.
This is a breaking news story. More information will be added as it comes in.
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