US appeals court blocks Trump’s bid to fire Lisa Cook from Federal Reserve | Financial Markets News

Court rules that Cook’s claim that she was denied due process has a ‘strong likelihood of success’.

An appeals court in the United States has ruled that Lisa Cook can keep her seat on the Federal Reserve for now, in a setback to President Donald Trump’s bid to fire the governor over as yet unproven claims of fraud.

In a 2-1 ruling issued late on Monday, the US Court of Appeals for the District of Columbia…