US court rules Lisa Cook can remain a Fed governor for now while fighting Trumps attempt to fire her

WASHINGTON, September 10, 2025 (AP) A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trumps efforts to fire her. The ruling, which will almost certainly be appealed, is a blow to the Trump administrations efforts to assert more control over the traditionally independent Fed, which sets short-term interest rates to achieve its congressionally mandated goals of stable prices and maximum employment. Congress has also sought to insulate the Fed from day-to-day politics. U.S. District Judge Jia Cobb late Tuesday granted Cooks request for a preliminary injunction