The Supreme Court has delayed a decision on President Trump's ability to fire Federal Reserve board member Lisa Cook, agreeing to hear oral arguments in January. This allows Cook to remain in her position while the case is litigated, as the court did not find sufficient grounds to grant Trump's immediate removal request. Trump cited "cause," alleging mortgage fraud, but Cook denies this, and evidence reportedly contradicts the claim. The Federal Reserve Act restricts presidential removal of governors to "for cause" cases.

Prepared by Lauren Mitchell and reviewed by editorial team.