Trump's move to dismiss Federal Reserve Board member Cook is blocked, Cook can continue to participate in FOMC meeting voting

According to BlockBeats, on September 10, Wall Street Journal reporter Nick Timiraos stated that U.S. Federal Judge Jia Cobb temporarily blocked Trump from dismissing Federal Reserve Board member Cook. The court will issue an injunction directing Powell and the Board to allow Cook to continue serving as a Board member during the litigation. This means Cook can vote in next week's FOMC meeting unless a higher court overturns the restraining order.

However, Jia Cobb's preliminary ruling did not resolve whether the Trump administration's claim that Cook was involved in mortgage fraud before taking office constitutes grounds for dismissal. The case is expected to be submitted to the U.S. Supreme Court for review.