"Details: The battle over whether Cook can continue to serve on the Fed's Board of Governors comes just before the central bank's next policy meeting. Until now, it had been unclear whether the official would be able to vote on the interest rate decision."
"Catch up quick: Cook sued the Trump administration on Aug. 28 and asked for a preliminary injunction that would allow her to continue on in the role. This is breaking news. Please check back for updates."
An active legal dispute questions whether Cook can remain on the Federal Reserve's Board of Governors immediately ahead of the central bank's next policy meeting. The outcome could determine whether Cook is permitted to vote on the impending interest rate decision. Cook filed a lawsuit against the Trump administration on Aug. 28 and requested a preliminary injunction to preserve her position. The injunction request seeks to allow Cook to continue serving while the legal challenge proceeds. Observers and market participants face uncertainty about Board composition and voting rights in the upcoming decision. Updates are expected as the situation develops.
Read at Axios
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