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In a move underscoring judicial checks on executive power, the US Supreme Court on Wednesday barred Donald Trump from instantly ousting Federal Reserve Governor Lisa Cook. The court deferred the request “pending oral argument in January 2026,” ensuring Cook remains on the Fed’s seven‑person board while the case is litigated.VTrump’s attempted removal, grounded in claims about false statements on mortgage documents, is one of several actions critics say have tested central bank independence. Cook has filed a lawsuit challenging her firing, arguing that she was not given a chance to meaningfully contest the allegations against her.