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(CNN) Appeals court rejects Trump’s bid to fire Fed Governor Lisa Cook
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Federal Reserve Board Governor Lisa Cook will remain on the Fed Board of Governors, and participate in this week's Fed meeting. For now, at least.
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--“The district court issued its preliminary injunction after finding that Cook is likely to succeed on two of her claims: her substantive, statutory claim that she was removed without ‘cause’… and her procedural claim that she did not receive sufficient process prior to her removal in violation of the Due Process Clause of the Fifth Amendment,” Garcia and Childs wrote.
Federal Reserve Board Governor Lisa Cook will remain on the Fed Board of Governors, and participate in this week's Fed meeting. For now, at least.