Supreme Court lets Fed’s Lisa Cook keep job before oral argument– www.cnbc.com
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Excerpt:
The Supreme Court on Wednesday allowed Federal Reserve Governor Lisa Cook to remain in her post pending oral arguments in January on whether President Donald Trump has legal cause to fire her.
The court’s move is a blow to Trump, who has repeatedly and unsuccessfully asked federal courts to allow him to terminate Cook from the Fed’s Board of Governors without delay while her lawsuit challenging her removal is pending.
Trump has cited claims that Cook committed mortgage fraud as his reason for firing her from the seven-member board.
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