Key Facts

• The US Supreme Court has ruled that Federal Reserve Governor Lisa Cook can stay in her job while she fights a bid by former President Trump to oust her.
• The court's decision reinforces the Federal Reserve's independence from the White House, at least for the time being.
• The ruling was reported by Maria Eloisa Capurro, a journalist with Bloomberg.
• The decision was made by a closely divided US Supreme Court, highlighting the potential for ongoing debate and controversy surrounding the issue.
• The outcome has significant implications for the relationship between the Federal Reserve and the White House, particularly with regard to the appointment and removal of key officials.