0:00 0:00 1x

This is read by an automated voice. Please report any issues or inconsistencies here .

The court’s action allows Cook to remain in her position, and it prevents Trump from taking majority control of the central bank board.

Trump said he fired Cook ‘for cause’ related to allegations of mortgage fraud. Cook refused to step down and filed a lawsuit.

WASHINGTON — The Supreme Court on Wednesday put off a decision on whether President Trump can fire Federal Reserve Govenor Lisa Cook and said it would hear arguments on the case in January.

The court’s action allows Cook to remain in her position, and it prevents Trump from taking majority control of the historically independent central bank board.

Last month, the president said he fired Cook “for cause,” citing mort

See Full Page