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Originally published by Capital Business
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business
October 1, 2025
13h ago

Supreme Court lets Lisa Cook stay at Federal Reserve for now 1

Supreme Court lets Lisa Cook stay at Federal Reserve for now 1

OCT 1 - The US Supreme Court has ruled Lisa Cook can stay on as a Federal Reserve governor for now, a setback for President Donald Trump in his fight with Kenya breaking news | Kenya news today |..

✨ Key Highlights

The US Supreme Court has temporarily blocked President Donald Trump's attempt to remove Lisa Cook, a Federal Reserve governor, allowing her to remain in her position while the court hears arguments in January.

  • The Supreme Court decision is a setback for President Trump, who has been critical of the Federal Reserve's interest rate policies.
  • Cook was appointed by President Biden and has sued over her firing, calling it illegal and a potential to politicize the independent Fed.
  • The Federal Reserve's benchmark interest rate is set by a board which Cook is a part of and she will be able to vote at least two more times on interest rate decisions.

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