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.
More Stories
Russia reports record-high employment rate
Workforce participation has reached 61.5%, while unemployment remains at a historic low of 2.2%, Deputy Prime Minister Tatyana Golikova has...
European Parliament drops Google citing privacy concerns – Politico
The bloc’s lawmakers have reportedly selected Qwant, formerly owned by Axel Springer, to reduce digital dependence on the US The...
Russian SMEs growing on stronger supply-chains to giants
Large companies are increasingly sourcing components from smaller home-grown suppliers, a SPIEF panel has heard Large Russian companies are increasingly...
Peers warn UK cannot afford to drag its feet on sterling stablecoin rules
The House of Lords has told the Bank of England and the FCA to keep to their timetable on stablecoin...
Americans spending more because they are ‘optimistic’? Economists challenge Trump adviser’s claim
Analysts have told RT that soaring prices, not confidence, are driving higher spending Americans are spending more on everything from...
Seventh carbon budget: Britain bets £105bn Net Zero economy can shield SMEs from the next fossil fuel shock
Britain’s small and medium-sized businesses are being placed at the centre of the most consequential climate decision since the Climate...