Source: United Press International
“Federal Reserve Governor Lisa Cook will be permitted to stay on the central bank board at least through next year after legal questions over her [supposed] termination by U.S. President Donald Trump. On Wednesday, the U.S. Supreme Court ruled that Cook can remain on the job on an interim basis into 2026, and agreed to hear oral arguments in January with a likely ruling before June’s end. The nation’s high court, however, did not explain the basis of its decision in the brief ruling. In August, Trump [pretended he had the power to fire] Cook over his claims of mortgage fraud which Cook has since denied.” (10/01/25)