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The Supreme Court on Wednesday allowed Lisa Cook to remain a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank.
In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’s effort to force Cook off the Fed board.
The court will consider whether to block a lower-court ruling in Cook's favour while her challenge to her firing by Trump continues.
The high-court order was a rare instance of Trump not quickly getting everything he wants from the justices in an emergency appeal.
Cook will be able to take part in the remaining two Fed meetings in 2025, including the next meeting of its interest rate-setting committee in late O
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