Reported about 5 hours ago
An appeals court has temporarily prevented President Trump's attempt to dismiss Federal Reserve Governor Lisa Cook, allowing her to continue her role as a lawsuit challenging her removal proceeds. This ruling came just before the Fed's important meeting on interest rates, highlighting the escalating tensions between the Trump administration and the central bank. Cook's legal battle centers on allegations of mortgage fraud, which she denies, and has become a focal point in the clash over the Fed’s independence and Trump’s pressure to cut interest rates.
Source: YAHOO