An appeals court in the United States has ruled that Lisa Cook can keep her seat on the Federal Reserve for now, in a setback to President Donald Trump’s bid to fire the governor over as yet unproven claims of fraud.
In a 2-1 ruling issued late on Monday, the US Court of Appeals for the District of Columbia found that the Trump administration had not met the “stringent requirements” to stay a lower judge’s ruling that Cook should keep her position while the courts consider the grounds for her removal.
