The Supreme Court will take up a legal challenge by Federal Reserve Board member Lisa Cook to President Donald Trump’s attempt to remove her but will allow her to keep her seat while the case proceeds.
The court said it has scheduled a January hearing for oral arguments. It deferred until then a request from the Trump administration to stay a lower court preliminary injunction that has enabled Cook to remain at the Fed.
“The Court’s decision rightly allows Governor Cook to continue in her role on the Federal Reserve Board, and we look forward to further proceedings consistent with the Court’s order,” Cook’s lawyers, Abbe David Lowell and Norm Eisen, said in a statement.
