Setback for Trump? Federal Reserve Governor Lisa Cook to stay in role ahead of rate meeting; appeals court steps in

Donald Trump, Federal Reserve governor Lisa Cook A federal appeals court has ruled that Federal Reserve Governor Lisa Cook can remain in her post, allowing her to take part in this week’s closely watched interest rate meeting, despite President Donald Trump’s attempt to remove her from the board. The decision from the US Court of […]

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Donald Trump vs Fed governor: US President’s attempts to fire Lisa Cook might land in legal battle; Biden appointee vows not to resign

US President Donald Trump’s attempt to dismissal Federal Reserve governor Lisa Cook is expected to land in court, raising questions over the extent of presidential powers against the traditionally independent central bank.Legal experts say Trump’s claim that he can fire Cook, a Biden appointee, is legally weak but unprecedented. The Supreme Court has recently allowed […]

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