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3:00 Monday vs 3:00 Friday2yr 100-01 vs 100-02; 4.107% vs 4.086%5yr 99-29 vs 99-31; 4.142% vs 4.128%10yr 99-31+ vs 100-00+; 4.374% vs 4.371%30yr 102-06 vs 102-03+; 4.859% vs 4.864%2/10 26.588 bps vs 28.249 bps5/30 71.490 bps vs 73.378 bps
Supreme Court Denies Trump Bid to Immediately Fire Fed's Lisa Cook
The US Supreme Court on Monday upheld a federal court's injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation."To be clear, the ultimate question of whether the President can remove Cook for cause will depend in part on the underlying facts," Chief Justice John Roberts said in his written opinion of the court. "In this opinion, we have not addressed the facts, as they have yet to be found or analyzed under the relevant legal standards. Rather, we have simply addressed the parties arguments about the appropriate legal standards under which the facts must be evaluated. The application for a stay is denied."