New Delhi, Sept. 16 -- Lisa Cook can remain a Federal Reserve governor, an appeals court ruled on Monday (September 15) - rebuffing US President Donald Trump's efforts to remove her just ahead of a key vote on interest rates.

According to the Associated Press, the Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to oust Lisa Cook.

The Trump administration only has hours to appeal to the US Supreme Court if it hopes to block Cook from attending the Fed's policy meeting.

It's the first time that a president has pursued such action since the central bank's founding in 1913 - in the latest step in a legal battle that threatens the Fed's longstanding independence.

The Fed policy meeting will be held...