WASHINGTON >> The Supreme Court today declined to allow President Donald Trump to immediately remove Lisa Cook from the Federal Reserve Board, saying it would instead review the administration’s efforts to oust her and reshape the central bank at oral arguments in January.

Top former Fed and Treasury officials and Cook’s legal team had warned the Supreme Court that permitting Trump to fire her while litigation over her status was underway would spur economic turmoil and undermine public confidence in the Fed.

While the Supreme Court’s conservative majority has repeatedly cleared the way for the president to fire leaders of other independent agencies, the justices have recently signaled that the central bank is uniquely independent.

In its two-sentence, unsigned order today, the court de

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