The Supreme Court ruled Wednesday that Federal Reserve Governor Lisa Cook can keep her seat until justices hear arguments in January 2026 on whether there is legal cause to remove her.

The decision means Cook will remain on the central bank’s seven-member Board of Governors at least through the end of the year, during which the Fed is expected to approve two more interest rate cuts. She will participate in the Federal Open Market Committee’s October and December meetings, and possibly the January one, CNBC reports.

In its brief order, the Court said Cook’s case would be “deferred pending oral argument in January 2026.” A schedule for legal briefs, including filings from outside groups interested in the case, will be set in the coming weeks.

The dispute stems from efforts to remove Cook, who has denied accusations of mortgage fraud related to loan applications in Michigan and Georgia.

 “The Court’s decision rightly allows Governor Cook to continue in her role on the Federal Reserve Board, and we look forward to further proceedings consistent with the Court’s order,” her attorneys Abbe Lowell and Norm Eisen said in a statement. Cook has not been charged with making false statements on the applications.

White House spokesman Kush Desai responded to the decision, stating she was “lawfully removed Lisa Cook for cause from the Federal Reserve Board of Governors.” Desai added, “We look forward to ultimate victory after presenting our oral arguments before the Supreme Court in January.”

The Department of Justice previously argued that blocking the president’s attempt to remove her amounted to “yet another case of improper judicial interference with the President’s removal authority.”

The Federal Reserve declined to comment, saying only it will follow any court decisions.