A federal judge on Tuesday blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook, allowing her to continue in her current role, for now, even as lawyers for the administration are expected to immediately appeal the decision to a higher court for review.
U.S. District Judge Jia Cobb, a Biden appointee based in Washington, D.C., said on Tuesday that she will be moving Cook's request into a preliminary injunction, which has the same effect, but will last through the entire case until a decision is made, pending any appeal from the government.
The judge said Cook has shown "irreparable harm" in her time away from the Federal Reserve as she is one of the leaders in controlling monetary policy, adding that "she has lost the ability to fulfill a high-ranking, pub