US Supreme Court lets Lisa Cook remain as Federal Reserve governor for now

Federal Reserve Board of Governors member Lisa Cook listens during an open meeting of the Board of Governors in Washington (Mark Schiefelbein/AP)

The US Supreme Court has allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank.

In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’s effort to force Ms Cook off the Fed board.