US: Lisa Cook Hearing Adjours Without Ruling On Trump Firing

A federal hearing in Washington, DC, on an emergency injunction from Fed Governor Lisa Cook to block her dismissal by President Donald Trump, has adjourned without a ruling. 

• Matthew Russell Lee at Inner City Press wrote in live coverage of the hearing that US District Judge Jia Cobb, an appointee of former President Joe Biden who was randomly assigned to the case, indicated that Cook’s lawyers should submit supplementary filings by Tuesday.
• During the proceedings, Judge Cobb appeared sceptical of the Department of Justice's argument that Cook was given sufficient time to respond to the Trump administration’s accusations of mortgage fraud before Trump announced her dismissal. 
• Cobb said, acknowledging that the Fed's independent structure differs from executive branch agencies: “What would we do, Depose the White House officials who vetted her?... This [Fed] Board is unique. I understand why elected officials don't have a property interest. But this is closer to an employee.”
• Cook’s lawyer argued that Cook should be allowed to remain in her job while the lawsuit plays out: “She should not be taken out of her office, she shouldn’t be disconnected from her electronics. She should do all the things that she did a week ago before all this started, because that is the status quo.”
• Reuters reported during the hearing that “Cobb said she would set an expedited briefing schedule in the case, the first step in what will likely be a protracted legal battle that could upend the Fed's historical independence and is likely to end up in the U.S. Supreme Court.”