High court delays ruling on firing of Fed’s Cook

The Federal Reserve official can stay in her post as justices give the case a full hearing.

- By Davin G. SavaGE

LISA COOK was fired from her position as a Federal Reserve Governor by President Trump, who cited unproven allegations of mortgage fraud in his decision.

(MARK SCHIEFELBEIN Associated Press)

The Supreme Court on Wednesday put off a decision on whether President Trump can fire Federal Reserve Governor Lisa Cook and said it would hear arguments on the case in January.

The court’s action allows Cook to remain in her position, and it prevents Trump from taking majority control of the historically independent central bank board.

The president said he fired Cook “for cause,” citing mortgage documents she signed in 2021 confirming that two different properties were her primary residence.

But the flap over her mortgages arose as Trump complained that the Federal Reserve Board, including Cook, had not lowered interest rates to his satisfaction.

“We will have a majority very shortly,” Trump said after he fired Cook.