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The Supreme Court has allowed Federal Reserve Governor Lisa Cook to remain in her position pending oral arguments in January 2026. This decision is a setback for President Trump, who sought to remove Cook due to alleged mortgage fraud, which she denies. The court's ruling allows the Fed to continue operations with Cook's participation in upcoming meetings, potentially influencing monetary policy decisions. The case is seen as significant for the Federal Reserve's independence from political interference.

Prepared by Lauren Mitchell and reviewed by editorial team.