The U.S. Supreme Court voted to allow Federal Reserve Governor Lisa Cook to remain in her role for now, rejecting the Trump administration’s emergency appeal to remove her.

This decision maintains the status quo until the Court hears arguments in January over President Trump’s effort to force Cook out of her position.

Driving the news: A lower court had ruled that Trump’s attempt to fire Cook was illegal, and a split appeals court denied the administration’s emergency appeal prior to the Supreme Court’s involvement. • Lisa Cook, appointed by President Biden, has stated she will not resign and emphasized that she will not be “bullied” by Trump’s removal efforts. • Cook’s legal counsel, including lawyer Abbe Lowell, affirmed she will continue fulfilling her duties as a Senate-confirmed

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