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Originally published by Capital Business
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business
October 1, 2025
11h ago

Supreme Court lets Lisa Cook stay at Federal Reserve for now

Supreme Court lets Lisa Cook stay at Federal Reserve for now

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 allowed Lisa Cook to remain a Federal Reserve governor for now, rejecting President Donald Trump's immediate request for her removal. The court will hear arguments regarding her firing in January.

  • Trump sought to remove Cook over claims of mortgage fraud, which she denies.
  • Cook immediately sued, arguing her firing was illegal and politically motivated, as no president has removed a governor before without "for cause".
  • The decision allows Cook to vote on interest rate decisions at least two more times.

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