Where Does Trump’s Effort to Fire the Fed’s Lisa Cook Stand Now?

President Donald Trump said on Aug. 25 that he had fired Federal Reserve Governor Lisa Cook “for cause” after she refused his demand to resign over a claim by a top administration official that she lied on mortgage applications. Cook, in turn, filed a lawsuit against Trump, arguing his attempt to remove her from the Federal Reserve Board was unlawful and violated the central bank’s independence. On Oct. 1, the US Supreme Court declined to allow Trump to immediately oust Cook, ruling she can rema