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flag The Supreme Court let Lisa Cook stay as Fed governor while deciding if Trump can fire her without cause.

flag The U.S. Supreme Court has allowed Federal Reserve Governor Lisa Cook to remain in her position while reviewing President Trump’s attempt to remove her, scheduling oral arguments for January. flag The court’s unsigned order blocks Trump’s emergency request to fire Cook, preserving the status quo and reinforcing the Fed’s independence. flag The case centers on whether the president can remove a Fed governor without cause, as required by law, or if courts can block such firings. flag Cook, appointed by President Biden, denies allegations of mortgage fraud related to her property claims, with documents showing she labeled her Atlanta condo as a vacation or second home—undermining the administration’s claims. flag A federal judge and a divided appeals court previously ruled the firing unlawful, citing due process concerns. flag The Supreme Court’s decision to hear the case signals it may limit presidential authority over independent agencies. flag Cook is expected to vote in the Fed’s upcoming October 28–29 rate-setting meeting, alongside confirmed nominee Stephen Miran, who dissented on a recent rate cut.

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