Lisa Cook

Federal Reserve Governor Lisa Cook won a round in federal court in her bid to keep her job despite President Trump's effort to fire her. On Wednesday, the Justice Department said Trump would appeal.

Trump says he's firing Cook after one of his allies accused her of making false statements on a mortgage application. Cook said the president has no authority to fire her and vowed to stay.

Michigan State University economist Lisa Cook is a star in her field. Now, she's a nominee for a spot on the Federal Reserve Board of Governors—if she can make it past Republican opposition.