US Supreme Court to hear arguments in Trump bid to fire Fed's Cook; leaves her in job for now

Federal Reserve Governor Lisa Cook attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium, "Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy" in Jackson Hole, Wyoming, U.S., August 23, 2025.  PHOTO/REUTERS

By  REUTERS

REUTERS

What you need to know:

  • The justices declined to immediately decide a Justice Department request to put on hold a judge's order that temporarily blocked the Republican president from removing Cook, an appointee of Democratic former President Joe Biden

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