Federal reserve governor will stay in post for now following US supreme court announcement

The US supreme court announced on Wednesday that Lisa Cook, the federal reserve governor, will stay in her post and deferred action on the Department of Justice’s request to remove her immediately in line with Donald Trump’s drive to influence the US central bank.The country’s highest court announced it would hear oral arguments on the case in January.Earlier in the morning the court considered the US president’s attempt to remove Cook – the first-ever bid by a president to fire a Federal Reserve official, ...