Appeals court blocks Trump from firing Fed’s Lisa Cook, setting stage for SCOTUS clash
The U.S. Court of Appeals for the D.C. Circuit on Monday blocked President Donald Trump from immediately firing Lisa Cook from her role on the Federal Reserve Board of Governors, clearing the way for her to participate in a crucial interest rate-setting meeting that begins in a matter of hours.It was not immediately clear whether the Trump administration would seek an emergency stay from the Supreme Court before the two-day meeting of central bankers kicks off on Tuesday.