The government filed an emergency request after a lower court prevented the president from firing Ms. Cook as the case proceeds.

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.

A federal judge has ruled President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook is illegal, and ordered her reinstatement.

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

The Fed begins its next meeting Tuesday.

Trump wants the Fed to slash rates in order to spur economic growth and reduce the cost of paying the nation's debts.

Trump administration wants Lisa Cook to be removed from the Fed Reserve board by Monday, ahead of interest rate meet.

The government filed an emergency request after a lower court prevented the president from firing Ms. Cook as the case proceeds.

Government said Cook’s legal arguments for why she should stay in the job were meritless. She has been accused of mortgage fraud.