The White House postponed a confirmation hearing for Lisa D. Cook, the Federal Reserve governor whom President Trump has attempted to remove, after her legal team cited scheduling conflicts. The delay marks another chapter in the unusual standoff between the administration and the central bank over the independence of Fed leadership.
Cook, confirmed to a full 14-year term in 2023, remains in her post while the legal and political dispute continues. The administration has not announced a new date for the proceeding.
Source: New York Times Business · Summarized by HeadlinesBriefing