The decision came the day before the Federal Reserve begins a two-day meeting at which policymakers are expected to cut interest rates.

A United States appeals court declined on Monday (Sep 15) to allow President Donald Trump to fire Federal Reserve Governor Lisa Cook - the first time a president has pursued such action since th

U.S. appeals court blocks Trump from firing Fed governor, Lisa Cook, in unprecedented legal battle over central bank independence.

A divided federal appeals court on Monday refused to let President Donald J. Trump immediately oust Federal Reserve Governor Lisa D. Cook, but a forceful dissent warned that the decision misapplied both constitutional law and common sense. | Economy

The 2-1 ruling is a near-term blow to Trump, who fired Cook last month on social media.

According to a report from the Wall Street Journal, the appeals court upheld a ruling that would allow Cook to keep her position while her lawsuit against the president works its way through the court system.

In a closely watched case with major implications for the independence of the Federal Reserve, a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit ruled 2-1 on Monday to block President Donald Trump's attempt to remove Federal Reserve Board member Lisa Cook from her position.The de...