Federal Reserve governor will keep her job despite Trump’s bid to remove her

Supreme court defers action on request to remove Lisa Cook from post, at least until it hears oral arguments on case

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Lisa Cook, the US Federal Reserve governor, will keep her job for now, despite Donald Trump’s extraordinary bid to remove her from the central bank’s board with immediate effect.

The US supreme court deferred action on the Department of Justice’s request to allow the president to fire Cook, at least until it hears oral arguments on the case in January.