The US Supreme Court says it will hear arguments in January over US President Donald Trump's attempt to remove Federal Reserve governor Lisa Cook, leaving her in the post for now.

The justices declined to immediately decide on a Justice Department request to put on hold a judge's order temporarily blocking the Republican president from removing Cook, an appointee of Democratic former president Joe Biden.

It deferred a resolution on that request until the justices have heard the arguments.

In creating the US central bank in 1913, Congress passed a law called the Federal Reserve Act that included provisions to shield the Fed from political interference, requiring governors to be removed by a president only "for cause," although the law does not define the term nor establish procedures for

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