Lisa Cook, the US Federal Reserve, during an event at the Federal Reserve in Washington, DC, the United States, on Friday, March 22, 2024.
The Drago family Bloomberg Gety pictures
On Wednesday, the Supreme Court allowed the governor of the Federal Reserve, Lisa Cook, to remain in the end phase, pending oral arguments in January on whether the president is Donald Trump He has a legal reason to launch it.
The court’s move is a blow to Trump, which has repeatedly requested and federal courts to allow him to finish Cook from the Federal Reserve Governor Council without delay.
Trump pointed to allegations that Cook had committed a mortgage fraud as a reason for shooting her. Cook denies any violations regarding the data that I made in applying for real estate loans in two houses in Michigan and Georgia.
The court simply noticed the ruling without explanation, saying that a request from Trump to remain judicially against the removal of Cook “is postponed waiting for the oral argument in January 2026.”
Regardless of the immediate issue of Cook removal, the administration’s efforts are seen as a possible historical issue of the long crust of independence enjoyed by the Federal Reserve from political intervention. Cook has not been accused of any crimes despite the White House claiming fraud.
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