Trump Blocked by Judge From Ousting Lisa Cook During Lawsuit

A judge temporarily blocked President Donald Trump from ousting Federal Reserve Governor Lisa Cook over allegations of mortgage fraud, ruling that the unproven claims against her likely do not amount to the necessary “cause” for removal under US law.

In an early victory for the embattled economist, US District Judge Jia Cobb in Washington granted Cook’s request to continue working for now. The ruling means Cook can likely attend a highly anticipated Fed policy meeting Sept. 16-17 to vote on whether to lower interest rates.