Supreme Court temporarily blocks Fed Governor Cook firing | Banks News

The United States Supreme Court says it will hear arguments over President Donald Trump’s efforts to remove Federal Reserve Governor Lisa Cook from her post. The court’s announcement means Cook will stay in the job for now.

The high court announced the decision on Wednesday.

The White House has been trying to remove Cook in the first-ever bid by a president to fire a Fed official, an unprecedented challenge to central bank independence.

The…