PREVIEW

Judge Blocks Trump Move to Fire Federal Reserve Governor. A federal judge has temporarily blocked President Donald Trump from removing Fed Governor Lisa Cook — an early setback for the White House in a legal fight that could test the central bank's independence. Judge Jia Cobb ruled Tuesday that the administration's claims Cook committed mortgage fraud before taking office are unlikely to justify her removal. The Fed has confirmed Cook remains in her role. The decision means Cook stays on the Board while her lawsuit proceeds — a case that could ultimately reach the Supreme Court. It's the first test of whether a president can dismiss a Fed governor, a move critics warn could shatter the central bank's ability to set interest rates free of political pressure. Trump has demanded aggressive rate cuts and repeatedly attacked Fed Chair Jerome Powell. Cook denies the allegations, calling them a pretext for her removal. Her lawyer hailed the ruling as a reaffirmation of the Fed's independence.
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