An appeals court rejected President Donald Trump’s effort to remove Federal Reserve governor Lisa Cook from her position.
The U.S. Court of Appeals for the District of Columbia Circuit ruled 2-1 against Trump’s bid for emergency relief to fire Cook before the two-day Fed meeting on Tuesday. The court ruled that she will stay in her position as she litigates her dispute with the president. Trump is likely to seek aid from the Supreme Court, but it’s unlikely a ruling will be made before the meeting begins.
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