federal Reserve Governor Lisa Cook, who is president Donald Trump Demand to remove unprecedentedly, Can stay in board of governors For now, the US Supreme Court said on Wednesday.
In Deserted orderJustice did not clearly agree or rejected Trump’s request; Instead, he postponed the President’s emergency request to immediately remove Cook and reconsider his request in January.
This means that cook, the first black woman to serve as a governor, may remain in her position for now, and questions Trump has rights or not The word will be a case to remove it.
Demand to add more colleagues to the Board of Governors of Fed, Trump tried to fire Cook in AugustClaiming that she was disqualified to the role as she lied at the hostage applications of the house.
Those allegations taunted the claims made by Bill Pulte, director of the Federal Housing Finance Agency, which claims Cook announced hostage by announcing two propertiesOne in Michigan and one in Georgia, as his primary residence in 2021.
Cook has denied wrongdoing and Trump sued for efforts to remove him.
Pulte has initiated similar allegations on the famous Trump opponents, including California Democratic Senator Adam Shif and New York Attorney General Latitia James.
The Federal Reserve works as an independent agency from the White House. Under the federal law, President cannot fire governors As long as it is not for “cause” – a word that has never been officially defined, but means massive gross misconduct.
Already, two separate lower courts have ruled in favor of Cook, refusing to allow Trump to set fire immediately.
In September, Trump told the Supreme Court Justice to allow him to remove Cook as a fed governor, while the litigation continues.
Already, Justice has provided at least 23 of its 26 emergency requests. Among them, he has allowed Trump to remove many heads of independent agencies.
But the Supreme Court has also repeatedly emphasized the important of the freedom of Federal Reserve.
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