Supreme Court lets Lisa Cook remain on Fed board pending review
The U.S. Supreme Court on Wednesday declined to grant emergency relief that would have let President Trump immediately enforce his removal of Federal Reserve Governor Lisa Cook, instead scheduling oral arguments for January and allowing Cook to stay on the Fed's Board of Governors in the meantime. The move preserves the current board composition for upcoming Federal Reserve meetings and represents a major judicial step in a high‑profile dispute over presidential authority to remove a sitting Fed governor.
Legal
Economy
🔍 Key Facts
- The Supreme Court issued a brief unsigned order deferring decision on the administration’s request for emergency relief and set arguments for January.
- Lisa Cook will remain a member of the Federal Reserve Board for now; she participated in a recent two‑day Fed interest‑rate meeting that resulted in a rate cut.
- Cook’s lawyers (Abbe Lowell and Norm Eisen) warned that allowing removal would 'eviscerate' Fed independence; the White House says Trump lawfully removed her and will press its case in January.