The Supreme Court will allow Federal Reserve governor Lisa Cook to remain in her position for now, while scheduling oral arguments in President Donald Trump‘s bid to fire her for January.
The Trump administration asked the high court to allow Cook to be fired while the case proceeds in lower courts, but instead, the justices, in an unsigned order on Wednesday, said they will hold off on weighing the petition until they have held full oral arguments on the matter early next year. The short order on Wednesday did not elaborate on the reasoning but ordered the court’s clerk to establish a briefing schedule.
The Supreme Court’s order means Cook has earned an interim victory and will continue, for now, in her role as Federal Reserve governor,
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