Trump cannot fire Fed's Lisa Cook before FOMC meeting, appeals court rules

Core Points - A federal appeals court ruled that President Donald Trump cannot fire Federal Reserve Governor Lisa Cook before the central bank's policy committee votes on interest rates [1][2] - The ruling allows Cook to participate in a crucial two-day meeting starting Tuesday morning [2] Summary by Sections - Court Ruling: The U.S. Court of Appeals for the District of Columbia Circuit issued a ruling that prevents Trump's attorneys from pausing a lower-court decision that barred Cook's firing while her lawsuit is ongoing [2] - Impact on Federal Reserve: Cook's ability to participate in the upcoming policy committee meeting is significant as it may influence decisions regarding interest rate adjustments [2]