President Trump can't remove Federal Reserve governor Lisa Cook while her lawsuit challenges his attempts to fire her, a federal judge ruled on Tuesday night.

Why it matters: The ruling temporarily settles the question over Cook's status ahead of a critical Fed policy meeting, though the Trump administration is likely to appeal.

Zoom in: The battle over whether Cook can continue to serve on the Fed's Board of Governors comes one week before the central bank's next policy meeting. • Until now, it had been unclear whether the official would be able to vote on the interest rate decision. The Fed is expected to cut rates for the first time in a year.

Catch up quick: Cook sued the Trump administration on Aug. 28 and asked for a preliminary injunction that would allow her to continue on in

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