Federal Reserve governor
U.S. Supreme Court rules against Trump bid to fire Lisa Cook, Federal Reserve governor
Federal Reserve Board of Governors member Lisa Cook leaves the Supreme Court in Washington, D.C., on Jan. 21. Cook has spent about $1.2 million US fighting for her job after U.S. President Donald Trump’s bid to fire her last August. (Mark Schiefelbein/The Associated Press) The U.S. Supreme Court refused on Monday to let President Donald Trump fire Federal Reserve governor Lisa Cook as it stood firm to preserve the central bank’s cherished independence against an unprecedented challenge by the Republican president. The court, in a 5-4 ruling, blocked Trump’s bidRead more
Trump cannot fire Federal Reserve governor Lisa Cook, court rules
Federal Reserve governor Lisa Cook, seen here Aug. 23, cannot be fired by the Trump adminstration, according to a U.S. appeals court ruling. (Jim Urquhart/Reuters) A U.S. appeals court declined on Monday to allow Donald Trump to fire Federal Reserve governor Lisa Cook — the first time a president has pursued such action since the central bank’s founding in 1913 — in the latest step in a legal battle that threatens the Fed’s longstanding independence. The decision by the U.S. Court of Appeals for the District of Columbia Circuit means that Cook canRead more