Forex
Trump Administration Presses On with Efforts to Fire Federal Reserve Governor Lisa Cook
The Trump administration is moving forward with its efforts to fire Federal Reserve governor Lisa Cook, despite a Supreme Court ruling in June allowing her to remain in her post while she challenges the president's decision.
Cook was nominated by President Joe Biden and has denied allegations of mortgage fraud that led to the Trump administration's attempt to terminate her appointment.
The Supreme Court's 5-4 decision in June allowed Cook to retain her position as long as her lawsuit against the firing continues, but the Trump administration is appealing a lower-court ruling in her favor.