A federal appeals court Monday refused the Trump administration’s request to permit Federal Reserve board of governors member Lisa Cook’s firing before this week’s Fed meeting, setting the stage for a potential Supreme Court battle.

Without the justices’ intervention, Cook is set to participate in the Fed’s upcoming vote on interest rate cuts after a judge last week ruled her firing likely unlawful and reinstated her as the litigation proceeds.

The 2-1 decision from the U.S. Court of Appeals for the District of Columbia Circuit keeps that ruling intact, rejecting President Trump’s bid to fire Cook over mortgage fraud accusations, for now.

“Given these unique circumstances, and Cook’s strong likelihood of success on at least her due process claim, the government’s request for relief is rightly denied,” U.S. Circuit Judge Brad Garcia........

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