The Supreme Court stopped President Donald Trump from firing Federal Reserve governor Lisa Cook on Wednesday, pausing her removal until the court can hear the case.
The Supreme Court denied Trump’s request and said Cook can remain in her position through January, when the court is likely to make a final ruling on the issue.
Trump fired Cook from her position after his Federal Housing Finance Agency chief, Bill Pulte, accused her of mortgage fraud
The update comes roughly two weeks after Trump officials appealed the case to the high court for emergency review.
Oral arguments are expected to be closely watched, given the unprecedented nature of the case, and the seismic shift that any ruling could have on U.S. economic decisions.
In appealing the case to the Supreme Court, lawyers for the Trump administration argued that the Fed’s “uniquely important role” in the U.S. economy only heightens the government’s and public’s interest in reviewing the case.
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Why has she not been indicted? I am sick and tired of high ranking officials not being charged for crimes that we ordinary citizens would be jailed for, post haste.