Federal Reserve September Rate Decision List Finalized: Yellen Nomination Approved, Powell Dismissal Order Rejected

BlockBeats News, September 16th, a U.S. appeals court rejected U.S. President Trump's request to dismiss Federal Reserve Board member Lisa Cook, marking the first time a president has attempted such an action since the Fed was established in 1913. The ruling by the D.C. Circuit Court of Appeals means that Cook can temporarily remain at the Fed during the central bank's interest rate meetings on Tuesday and Wednesday. The Trump administration is expected to appeal to the U.S. Supreme Court. Additionally, on Monday local time, Trump's nominee for Fed board member, Moore, received enough Senate confirmation votes, allowing him to join the other 11 voting members in the Fed's interest rate decision this week. (FX678)