Fed's September interest rate list finalized: Milan's nomination passed, Cook's dismissal order was rejected

PANews September 16th news, according to King Ten, a U.S. appeal court on Monday rejected U.S. President Trump's request to fire Fed Director Lisa Cook, the first time the president has tried to take such action since the establishment of the Federal Reserve in 1913. The ruling of the District of Columbia Circuit Court of Appeals means that Cook can temporarily stay with the Federal Reserve during the Federal Reserve's political interest meeting Tuesday and Wednesday local time. The Trump administration is expected to appeal to the U.S. Supreme Court. In addition, on Monday local time, Trump's nominated Federal Reserve Board candidate Milan received enough votes to confirm his appointment in the U.S. Senate, which will allow him to participate in the Federal Reserve's interest rate decision this week with 11 other voters.