Cook remains a member of the Federal Reserve Board and can still participate in interest rate meetings before the ruling is finalized.
5hours ago
Odaily Planet Daily reported that "Cook has stated through her private lawyer that she will immediately challenge the action in court and seek a judicial ruling to confirm her right to continue to perform her duties as a Senate-confirmed Federal Reserve governor." A Fed spokesman said: "The Federal Reserve will comply with the court's ruling as always." The Fed's statement shows that from the central bank's perspective, Cook's status as a governor has not changed, and she can still participate in the meeting unless the court rules before the next meeting. The Fed's next interest rate decision meeting is scheduled for September 16-17, and Trump has been pressuring the Fed to cut interest rates significantly.
21minutes ago
Planet Morning News
21minutes ago
Planet Morning News
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