Supreme Court blocks Trump from firing Fed member

The U.S. Supreme Court ruled that it is not possible to remove Federal Reserve Board member Lisa Cook by President Donald Trump, confirming her continued tenure to date. The court affirmed the presidents' general authority to dismiss heads of independent federal agencies, despite laws requiring a cause for removal, thereby reinforcing the president's powers in this regard. The decision comes after Trump's unprecedented attempt to dismiss Cook amid allegations of real estate fraud.

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