Appeals Court Allows Lisa Cook to Remain on Fed Board

A federal appeals court has temporarily blocked President Trump's attempt to remove Lisa Cook from the Federal Reserve Board, upholding a lower court order that reinstates her amid ongoing litigation. The case centers on whether Trump had 'cause' to fire Cook over pre-appointment mortgage allegations, with the court indicating she is likely to succeed in arguing her removal violated her due process rights. The decision leaves Cook in her role through upcoming Fed meetings, while the Trump administration may seek Supreme Court intervention.