Federal court blocks Trump from sacking Lisa Cook

Trump is trying to oust Cook from her role as part of a standoff between the president and the US central bank.

Watch LiveBritish Broadcasting CorporationHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListTo the Ends of The Earth EarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingAudioPodcast CategoriesRadioAudio FAQsVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveWeatherNewslettersWatch LiveFederal court blocks Trump from sacking Lisa Cook4 hours agoShareSaveEmer MoreauBusiness reporterShareSaveGetty ImagesLisa Cook has sued Donald Trump for trying to fire her US President Donald Trump cannot oust Federal Reserve governor Lisa Cook from her role, a federal appeals court has ruled.

The 2-1 ruling on Monday is a blow to Trump as it means Cook can now stay in place for the Fed's policy meeting on Tuesday and Wednesday, where it is expected to cut US interest rates.

Trump announced in August that he was firing Cook on the grounds that she had committed mortgage fraud. Cook denied the allegations and said the president had no authority to sack her.

The case has ramifications for the Fed's ability to set interest rates without interference from politicians.

Cook is part of the board responsible for setting interest rates in the US.