URGENT: Trump's Attempt to Oust Fed Governor Blocked by Federal Judge

BREAKING NEWS Federal Judge Blocks Trump's Attempt to Fire Fed Governor Lisa Cook A federal judge in Washington D.C. has temporarily blocked President Trump from firing Federal Reserve Governor Lisa Cook, just hours before the planned removal. Judge Jia Cobb granted a preliminary injunction, ruling that Trump's effort likely violated the Federal Reserve Act, which requires governors to be removed "for cause." The judge found that the alleged reason for Cook's firing - unproven allegations of false statements on a mortgage application in 2021 - does not meet this standard. This decision stymies Trump's aggressive effort to exert more control over the central bank. Cook was set to be removed from her position late Tuesday night, but will now remain in place pending further developments. The Federal Reserve Act is designed to insulate the central bank from political interference, and Judge Cobb's ruling underscores the importance of this protection. The judge's decision also highlights the potential consequences for Trump if he continues to try to remove Cook without proper cause. This is a developing story, with further details and reactions expected in the coming hours and days. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Npr.*