Federal court blocks Trump from sacking Lisa Cook

A federal appeals court blocked US President Donald Trump from firing Federal Reserve governor Lisa Cook, allowing her to stay for an upcoming Fed policy meeting expected to cut US interest rates. Trump's attempt to dismiss Cook over alleged mortgage fraud was deemed invalid, impacting the Fed's independence in setting interest rates. The case may be appealed to the Supreme Court, as it challenges the balance between political interference and the Fed's autonomy in monetary policy decisions.