Washington — The Supreme Court on Wednesday said it will hear arguments in January on whether President Trump can fire Lisa Cook from her position on the Federal Reserve Board of Governors.

The high court said in a brief unsigned order that it is not yet acting on Mr. Trump's request for emergency relief. The Trump administration asked the Supreme Court last month to freeze a lower court order that found Cook's purported removal was likely illegal and allowed her to remain a Fed governor .

By deferring a decision on the president's bid for emergency relief, Cook can remain in her position on the Fed's Board of Governors for now.

Cook participated in a two-day meeting of the Fed's interest-rate-setting committee last month, which culminated with the central bank announcing its fir

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