Breitbart Business Digest: The Supreme Court Keeps the Cook Affair Alive

The Supreme Court on Monday held that Lisa Cook can keep her job as a governor of the Federal Reserve--for now.

On Monday, the Supreme Court handed Cook a limited victory.

The Court, however, rejected the narrow version of 'cause' that Cook had asked it to embrace.

Since the mortgages were taken out prior to her governorship, they couldn't be grounds for removal.

President Trump almost immediately reacted by sending out a Truth Social post announcing that his administration would seek to cure the procedural fault found by the court... issuing a formal notice to Cook about its decision to remove her and offering her a chance to reply. That should be easy enough to do.

This is not the end of the Cook affair. It is just the end of the beginning.

The case stemmed from President Trump's attempt to remove Cook from the Fed... uncovered evidence of shenanigans regarding her mortgage applications... referred the case to the Justice Department.

The question of whether the allegations against Cook, which may ripen into an indictment before the case is done, constitute cause for removal will almost certainly have to be taken up by the federal courts.