Lisa Cook will remain a member of the Federal Reserve Board of Governors at least until the U.S. Supreme Court decides whether to block a lower-court ruling.

The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve Governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank.

In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’s effort to force Cook off the Fed board .

The court will consider whether to block a lower-court ruling in Cook’s favour while her challenge to her firing by Trump continues.

The high-court order was a rare instance of Trump not quickly getting everything he wants from the justices in an emergency appeal.

Sep

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