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The Supreme Court on Wednesday agreed to review President Donald Trump‘s effort to fire Federal Reserve Governor Lisa Cook, and will allow her to remain in her spot on the board until oral arguments can be heard in January, the court said — delivering a long-awaited update on a high-profile case, and one expected to have significant political and economic implications for the nation’s central bank.

The update comes roughly two weeks after Trump officials appealed the case to the high court for emergency review.

Oral arguments are expected to be closely watched, given the unprecedented nature of the case, and the seismic shift that any ruling could have on U.S. economic decisions.

In appealing the case to the Supreme Court, lawyers for the Tru

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