Ruling comes as US president pushes to weaken central bank’s independence
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Ruling comes as US president pushes to weaken central bank’s independence
Ruling comes as US president pushes to weaken central bank’s independence
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Trump is trying to oust Cook from her role as part of a standoff between the president and the US central bank.

Cook’s claim that she was denied due process has a ‘strong likelihood of success’, court rules

A federal appeals court on Monday rejected President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook.

The case has ramifications for the Federal Reserve’s ability to set interest rates without regard to political wishes.

Trump sought to remove Cook from the central bank's board in August, the first time a president has tried to fire a Fed governor.

The Supreme Court has temporarily halted Donald Trump's bid to fire Federal Reserve Governor Lisa Cook, ensuring she will remain…

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