US court rules Fed's Lisa Cook can stay on as a Governor for now

  • Lisa Cook can stay on as a Governor as her case against Trump trying to fire her is being litigated
Fed Cook

US court rules that Lisa Cook can stay on as a governor as her case against Trump trying to fire her is being litigated

  • says that "for cause" applies to behavior while in office and that Cook's right to due process was violated

This means Cook will vote at the September Federal Open Market Committee (FOMC) meeting on interest rate setting.

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