The United States Supreme Court has stepped in to allow Lisa Cook to hold onto her seat at the Federal Reserve — at least for now.
The court’s ruling means Cook can remain in her role as a member of the Federal Reserve’s Board of Governors while her legal challenge to her removal is decided by lower courts.
Cook had been dismissed from her position and subsequently contested that dismissal through the court system. The Supreme Court’s decision effectively puts that process on pause, keeping her in place as the legal proceedings continue.
