The U.S. District Court for D.C. has ruled that Federal Reserve board member Lisa Cook can remain in her job while she pushes back on President Donald Trump’s efforts to fire her.
The Trump administration is expected to appeal the federal court’s ruling, which comes as a major setback to the president’s bid to obtain a greater degree of control over the non-partisan U.S. central bank, which sets short-term interest rates to achieve its congressionally-mandated goals of securing stable prices for consumer goods and maximum employment.
