The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Federal Reserve.

The Supreme Court is likely to have the final say on whether President Donald Trump has legal cause to remove Lisa Cook from the Federal Reserve.

The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Federal Reserve.

No president has sought to fire a Fed governor before.

Trump fired Cook in August, allegedly for cause; she later sued to block the termination.

Agency governor is legally challenging Trump after he sought to remove her, citing unconfirmed mortgage fraud allegations

The judge's ruling is a win for the US Federal Reserve following criticism by the president.

The decision is a win for Lisa Cook, the Federal Reserve governor whom President Trump sought to dismiss over allegations of mortgage fraud.

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