A federal judge on Tuesday night temporarily blocked President Donald Trump from firing Federal Reserve Governor Lisa Cook as her lawsuit challenging her termination plays out in court.
The late-night order from Federal Judge Jia Cobb came two weeks after Trump said he’d fire the governor, foreshadowing a highly politicized legal battle—touching issues of fundamental balance of power between the judiciary and executive branch—that could be highly consequential for how much Trump can modify the makeup of the federal government.
In her order, Cobb issued a preliminary injunction, which is a procedural step in a lawsuit whereby the judge orders a party to do—or oftentimes, as in this case, not do—something pending the result of the litigation….
Court Rules Lisa Cook Can Remain as Fed Governor Amid Dispute With Administration
