A federal judge has blocked President Trump from removing Lisa Cook from the Federal Reserve Board of Governors while her lawsuit challenging the firing moves forward. Judge Jia Cobb in Washington, D.C., granted Cook’s request for a temporary order, keeping her on the seven-member board just ahead of the Fed’s September 16–17 meeting. The ruling said Cook is likely to succeed in her claim that Trump violated the Federal Reserve Act, which only allows removal for cause. The administration is expected to appeal quickly, setting up a legal battle that could reach the Supreme Court.
