Trump cannot fire Fed's Lisa Cook before FOMC meeting, appeals court rules | NYGazet

Trump's attorneys wanted a lower-court ruling, which temporarily barred Cook's firing, stayed ahead of the Fed's upcoming meeting on interest rates.

A federal appeals court ruled Monday that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank's policy committee votes on whether to lower interest rates. The ruling from the U.S. Court of Appeals for the Dis... [2575 chars]