High court to hear arguments in January on whether Cook will lose her job but says she may stay in her post until then.
The United States Supreme Court says it will hear arguments over President Donald Trump’s efforts to remove Federal Reserve Governor Lisa Cook from her post. The court’s announcement means Cook will stay in the job for now.
The high court announced the decision on Wednesday.
The White House has been trying to remove Cook in the first-ever bid by a president to fire a Fed official, an unprecedented challenge to central bank independence.
The justices declined to immediately decide a Department of Justice request to put on hold a judge’s order temporarily blocking the Republican president from removing Cook, an appointee of Democratic former President Joe Biden, while litigatio
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