The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate.

A federal judge has blocked President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook. U.S. District Judge Jia Cobb issued a preliminary injunction requiring the Federal Reserve to let Cook continue serving in her role as a governor of the Federal Reserve System as her lawsuit moves through the courts.

A federal judge late Tuesday blocked President Donald Trump’s effort to fire Federal Reserve Governor Lisa Cook.

Federal Reserve Governor Lisa Cook is celebrating a victory against President Donald Trump after she was unexpectedly terminated last month. But although a federal judge has now ruled in favor of Cook, the president has promised this won’t be the end of things.

Federal law gives Trump the power to fire members of the Federal Reserve Board of Governors “for cause,” which typically means serious misconduct or malfeasance on the job.

A federal judge on Tuesday granted a temporary restraining order blocking President Donald Trump’s firing of Federal Reserve governor Lisa Cook for now. The ruling means Cook will remain on the board of the central bank until her case is heard at length. She is allowed to continue carrying out her work during that time.

The US Senate on Monday narrowly cleared President Donald Trump's choice for a key role at the Federal Reserve, as the clock ticks down to the central bank's next policy