Supreme Court Refuses to Let Trump Oust Fed’s Cook for Now

The US Supreme Court refused to allow President Donald Trump to immediately oust Federal Reserve Governor Lisa Cook while she sues to keep her job, dealing a setback to his efforts to exert more control over the central bank.

The order issued Wednesday means Cook can remain in her position at least until the justices rule after hearing arguments in the case in January. The economist has remained on the job since late August, when Trump said he would remove her over mortgage fraud allegations that she’s denied.