Supreme Court Grants Lisa Cook a Reprieve from Trump's Attempt to Remove Her from the Fed

In a move that has surprised many in the real estate industry, the Supreme Court has granted Lisa Cook, one of the Federal Reserve's Board of Governors, a reprieve from President Trump's attempt to remove her from her position. While the Court has agreed to hear the appeal in January, they have allowed Cook to remain in her position at the Fed until then. This decision comes after Trump requested that Cook be removed from her position immediately, citing her lack of support for his economic policies. However, the Court has denied his request, signaling that Cook may have a chance to keep her position at the Fed. This case has drawn attention from real estate professionals, as Cook's position on the Federal Reserve Board of Governors has a direct impact on the industry. Cook, an economist and professor at Michigan State University, was appointed to the board in 2014 by President Obama. She has been a vocal advocate for diversity and inclusion in the Fed's decision-making process, and her position has been seen as crucial in shaping the country's economic policies. While the Supreme Court's decision to allow Cook to remain in her position until the appeal is heard in January is seen as a win for her, the outcome of the case is still uncertain. It remains to be seen if the Court will uphold Trump's attempt to remove her from the Fed or if Cook will be able to keep her position. Originally reported by RISMedia.