A federal judge temporarily blocked President Donald Trump 's attempt to oust Lisa Cook from the Federal Reserve's Board of Governors, allowing her to continue serving as she contests her recent dismissal, according to the court ruling reviewed by Newsweek .

Trump announced on August 25 that he was firing Cook, "in light of your deceitful and potentially criminal conduct in a financial matter," adding that he no longer had "confidence in your integrity."

In response, Cook filed a lawsuit calling her termination "unprecedented and illegal," and stating the allegations of mortgage fraud that underpinned the president's action were "unsubstantiated." She sought an immediate injunction against her firing and for reinstatement to the Fed's Board of Governors.

"The Federal Reserve Act

See Full Page