U.S. court ruling allows Cook to vote at next week's FOMC meeting

According to BlockBeats, on September 10, Wall Street Journal reporter Nick Timiraos, known as the "Federal Mouthbolt", posted on social media that U.S. federal judge Jia Cobb temporarily prevented Trump from ousting Fed Director Cook. The court will issue an injunction directing Powell and the Council to allow Cook to continue serving as a member of the Council during the lawsuit. However, the preliminary ruling by Jia Cobb did not address the key question whether the Trump administration claimed that Cook had alleged mortgage fraud before taking office constituted a sufficient reason for dismissal. The case is expected to be finally brought to the U.S. Supreme Court.